SBA | CUNA News

House bill would prevent SBA direct 7(a) lending

CUNA wrote in support of a bill Tuesday that would prevent the Small Business Administration from directly making loans under the 7(a) loan program. Loans made through the 7(a) program are up to 85% guaranteed by the federal government

Policy & Issues

SBA direct lending should be removed from reconciliation

CUNA joined organizations Wednesday calling on Congressional leaders to remove a provision allowing the SBA to become a direct lender from the reconciliation framework. The proposal would allow the SBA to offer loans of $150,000 of less directly to small businesses.

Policy & Issues

CUNA continues to call for MBL relief to get capital to businesses

The Paycheck Protection Program has played an important role in keeping small businesses and their employees afloat during this crisis. Credit unions helped Main Street America by facilitating more than 200,000 PPP loans that averaged just $47,000.

Policy & Issues

Conversation with Senator Cramer on PPP loan forgiveness legislation

Credit unions and Leagues met with Senator Kevin Cramer (R-ND) on Friday to discuss credit union involvement in the Paycheck Protection Program and his proposed bill to forgive most PPP loans.

Policy & Issues

PPP forgiveness bill would help focus resources where needed

CUNA joined several organizations this week calling on leadership of the House and Senate Small Business Committees to support a bill to simplify forgiveness of Paycheck Protection Program loans under $150,000.

Policy & Issues

Latest PPP data shows strong CU support for Main Street

Credit unions facilitated tens of thousands of loans during the first round of Paycheck Protection Program (PPP) funding, according to the latest round of data released by the Small Business Administration (SBA), this week.

Policy & Issues

PPP Loan forgiveness clarity needed from SBA, Treasury

CUNA and the Leagues wrote a letter to the Small Business Administration (SBA) and the Treasury Friday to seek clarity on Paycheck Protection Program (PPP) loan forgiveness.

Policy & Issues

As SBA reopens PPP portal, CUNA responds to service outage, bulk submissions

Following last week’s passage of an additional $310 billion for the paycheck protection program (PPP), the Small Business Administration began accepting additional PPP applications from lenders early Monday. Within hours, high demand led the portal to temporarily shut down.

Policy & Issues

Co-ops need full participation in Paycheck Protection Program

Cooperative businesses must be able to fully participate in the Paycheck Protection Program created by the CARES Act, CUNA wrote to the SBA, as credit unions can make loans using the funds but, it’s unclear if they are allowed to participate in the PPP as well.

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ARTICLES

House bill would prevent SBA direct 7(a) lending

SBA direct lending should be removed from reconciliation

CUNA continues to call for MBL relief to get capital to businesses

Conversation with Senator Cramer on PPP loan forgiveness legislation

PPP forgiveness bill would help focus resources where needed

Latest PPP data shows strong CU support for Main Street

PPP Loan forgiveness clarity needed from SBA, Treasury

As SBA reopens PPP portal, CUNA responds to service outage, bulk submissions

Co-ops need full participation in Paycheck Protection Program

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