Congress should hold the SBA accountable for blocking state-chartered, privately insured credit unions from accessing PPP funding, as despite the passage legislation including all state and federally chartered credit unions, certain credit union PPP applications were not addressed in a timely manner.

The PPP has run out of funds, the Small Business Administration said Wednesday, just under a month before it was scheduled to expire May 31. According to the SBA, the agency will continue funding currently outstanding approved applications.

The Small Business Administration should work to provide certainty for Paycheck Protection Program (PPP) loan forgiveness applications, as there is a large backlog of forgiveness applications that have not received a response from the SBA.

The Senate last week approved legislation extending the Paycheck Protection Program through May 31, a week after the House approved the same extension. The PPP was reauthorized at $284 billion earlier this year and was scheduled to expire March 31.

Business lending boosts income while allowing members to succeed.

Popular program provides direct economic assistance to small businesses.

PPP, loan forbearance, and Fair Lending come to the fore.

CASE Credit Union fulfills its obligation to assist struggling small businesses with involvement in Payroll Protection Program.

‘We want to help small businesses keep their people employed,’ says Brian Waldron, Hudson Valley Credit Union.