Small Business Lending
Small business lending is a top priority for CBA’s member banks. CBA strongly believes small businesses are the lifeblood of the U.S. economy and we remain committed to improving the small business lending environment and process through pro-business legislation and regulation. Collectively, CBA’s member banks have over $200 billion in small business loans on their books, and remain committed to exploring innovative ways to address the needs of lenders and borrowers alike.
July 28, 2021WASHINGTON – CBA President and CEO Richard Hunt today released the following statement in response to the Small Business Administration’s (SBA) reported plans to conclude the nearly $1 trillion Paycheck Protection Program by encouraging borrowers with loans of $150,000 or less to apply for loan forgiveness through a new online platform: “Today’s announcement signals the end of an important...
June 21, 2021WASHINGTON – CBA President and CEO Richard Hunt today released the following statement after President Joe Biden met with the heads of the leading regulatory bodies governing America’s financial institutions today at the White House: "We are pleased President Biden met with federal regulators today to discuss the state of the economy and the safety and soundness of the banking system as new risks...
May 27, 2021WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt appeared on Fox Business’ “Mornings with Maria” today in advance of the second of two hearings on Capitol Hill this week with the CEOs of JPMorgan Chase, Bank of America, Citi, and Wells Fargo. Excerpts from the interview are below. Touting the critical role banks played during the pandemic and will continue to play in...
April 12, 2021CBA, SBFE Small Business Data Highlights Stabilizing Effects of PPP, Short-Term Delinquency Trends WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends analysis covering the fourth quarter of 2020. The analysis, which is released quarterly, examines key credit information for America’s small businesses and shows...
April 5, 2021'False hopes’: Small business rescue faces crunch just days after Congress extended it By Zachary Warmbrodt 04/05/2021 05:49 PM EDT Washington's nearly $1 trillion small business rescue, now under the watch of President Joe Biden, is about to slam into a new obstacle — it’s already running out of money. The Small Business Administration is warning lawmakers that funds for the Paycheck Protection...
March 18, 2021CBA Statement on SBA Administrator Confirmation WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate confirmed Isabel Guzman for SBA Administrator: “CBA congratulates Isabel Guzman, longtime advocate for small businesses, on being confirmed to serve as the next SBA Administrator. We are eager to learn more about her vision for...Pages
