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.
April 30, 2020 - 2:00PMPast
April 24, 2020In a matter of weeks, banks approved millions of loan applications from the Paycheck Protection Program. Now, they must prepare to forgive some portion of those loan amounts. In this video, Genpact's global leader of commercial banking , Dan Davidson, and Enrico Dallavecchia, head of our risk practice, discuss the challenges and opportunities ahead and what banks must do to maximize forgiveness,...
April 7, 2020The CARES Act expects banks to distribute $350 billion in loans to small businesses in just three months – that’s $4 billion per day. To deliver, banks will need to rapidly update and scale their operations, including people, process, and technology. In this video,Genpact’s global leader of commercial banking, Dan Davidson, discusses the challenges and opportunities CARES act poses for the banks...
April 3, 2020CBA Statement on Updated Small Business Loan Guidance WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the updated guidance issued on the implementation of the Paycheck Protection Program, which is scheduled to start tomorrow and will be administered through the SBA 7(a) loan program: “Banks have been readily working around the clock to...
March 31, 2020CBA Statement on SBA Small Business Loan Stimulus Program *** “Banks are ready to do everything humanly possible to support U.S. small businesses and will continue working with SBA on ramping up a $20 billion annual program to nearly $350 billion in just a few months." *** Interested small businesses can learn more about participation in the Paycheck Protection Program here WASHINGTON – Consumer...
March 17, 2020 - 2:00PMPastPages
