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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 - 2:00PMPastApril 28, 2020April 28, 2020 The Honorable Jovita Carranza Administrator U.S. Small Business Administration 409 3rd Street, S.W. Washington, D.C. 20460 Dear Administrator Carranza: As trade associations representing banks and credit union members across the country actively participating in the Small Business Administration’s Paycheck Protection Program (PPP), we are reaching out to share our continuing...April 23, 2020 - 1:00PMPastApril 23, 2020The Honorable Steven T. Mnuchin Secretary U.S Department of Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 The Honorable Jovita Carranza Administrator Small Business Administration 409 Third Street, SW Washington, D.C. 20416 Dear Secretary Mnuchin and Administrator Carranza I write to you regarding the “Paycheck Protection Program and Health Care Enhancement Act’’ that was recently...April 23, 2020April 23, 2020 William Manger Associate Administrator U.S. Small Business Administration 409 3rd Street, SW Washington, D.C. 20416 Michael Faulkender Assistant Secretary for Economic Policy United States Department of the Treasury Treasury Building 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 Re: Implementing the Paycheck Protection Program Dear Associate Administrator Manger and Assistant...April 15, 2020April 15, 2020 William Manger Associate Administrator U.S. Small Business Administration 409 3rd Street, SW Washington, D.C. 20416 Michael Faulkender Assistant Secretary for Economic Policy United States Department of the Treasury Treasury Building 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 Re: Implementing the Paycheck Protection Program Dear Associate Administrator Manger and Assistant...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 28, 2020March 28, 2020 Administrator Jovita Carranza Small Business Administration 409 Third Street, SW Washington, D.C. RE: COVID 19 - Emergency Small Business Lending Measures Dear Administrator Carranza: America’s small businesses, and the millions of men and women who work at them, are the foundations of communities across the country. These businesses and their employees now face immediate economic...