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.
October 20, 2020On Tuesday, October 20, 2020, CBA President and CEO Richard Hunt issued the following statement after the Senate held procedural votes on COVID-19 stimulus and Paycheck Protection Program legislation: “While a bipartisan agreement remains elusive for Congress, small businesses are facing an uncertain economic future. The lifelines they received through PPP loans are becoming a knot of red tape...
October 13, 2020CBA, SBFE Small Business Data Shows First Full COVID-19 Quarter, PPP Impact WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends report covering the second quarter of 2020. The report, which is released quarterly, examines key credit information for America’s small businesses and shows delinquency peaking for most...
October 13, 2020CBA, SBFE Small Business Data Shows First Full COVID-19 Quarter, PPP Impact On Tuesday, October 13, 2020, CBA and Small Business Financial Exchange released the Small Business Lending Trends report covering the second quarter of 2020. The report, which is released quarterly, examines key credit information for America’s small businesses and shows delinquency peaking for most account types as the...
October 9, 2020Lenders said the change was a start but did not go far enough. The Consumer Bankers Association, an industry group, renewed its call for all loans under $150,000 to be automatically discharged. “It’s almost a nightmare to go through the forgiveness process as it is now written,” Richard Hunt, the group’s chief executive, said. “You have millions of small businesses in crisis, some going under,...
September 23, 2020September 23, 2020 The Honorable Nydia M. Velázquez Chairwoman Committee on Small Business U.S. House of Representatives 2302 Rayburn House Office Building Washington, D.C. 20515 The Honorable Steve Chabot Ranking Member Committee on Small Business U.S. House of Representatives 2371 Rayburn House Office Building Washington, D.C. 20515 Dear Chairwoman Velázquez and Ranking Member Chabot: On behalf...
September 17, 2020 - 2:00PMPast
September 9, 2020This whitepaper from Delvinia and Phase 5 is based on a joint study that identified and measured the critical factors that drive loyalty by surveying small business owners (SBOs) about their perceptions of their bank when it comes to innovation, user experience (UX), customer experience (CX) and customer centricity. This was an online survey of 650 small business owners in Canada and the United...Pages
CBA Comment Letter re 1071 SBREFA Outline