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News

Home » Keywords » Paycheck Protection Program

Items Tagged with 'Paycheck Protection Program'

ARTICLES

Cap1
Policy & Issues

State-chartered, privately insured CUs blocked from accessing PPP

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.
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SBALogo
Policy & Issues

Paycheck Protection Program funds depleted

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.
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SBALogo
Policy & Issues

SBA must address backlog of PPP loan forgiveness 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.
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Cap1
Policy & Issues

Paycheck Protection Program extended through May 31

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.
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SBALogo
Policy & Issues

SBA should ‘make every effort’ to clear thousands of PPP loan holds

CUNA joined other financial services organizations Friday to call on member of Congress to urge the SBA to make every effort to clear the thousands of PPP loan holds and that any PPP loan application submitted by the March 31 deadline be eligible for SBA approval.
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Conv
Policy & Issues

PPP deadline should be extended through Dec. 31

The Paycheck Protection Program should be extended through Dec. 31, CUNA and hundreds of national and state organizations wrote to Congressional leadership this week. The PPP was reauthorized at up to $284 billion and is scheduled to close March 31.
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SBALogo
Policy & Issues

Additional PPP funding likely needed in 2021

Additional PPP funding will likely be needed in 2021, CUNA wrote to the Senate Small Business Committee prior to its hearing on the nomination of Isabella Casillas Guzman to lead the SBA. Credit unions helped facilitated more than 200,000 PPP loans.
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SBALogo
Policy & Issues

PPP issues delaying CUs’ ability to provide relief

CUNA member credit unions continue to be challenged by a slow approval process with the PPP, CUNA wrote to the Small Business Administration Wednesday with several examples of errors that have occurred during application processes.
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SBALogo
Policy & Issues

PPP re-opens to small lenders Jan. 15, all lenders Jan. 19

The SBA and Treasury will re-open the PPP loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications January 15 at 9 a.m. (ET). The portal will fully open January 19 to all participating PPP lenders.
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SBALogo
Policy & Issues

PPP to open week of Jan. 11 through March 31

The SBA announced the Paycheck Protection Program will re-open the week of Jan. 11 for new borrowers and certain existing PPP borrowers. Up to $284 billion is authorized to be used toward job retention and certain other expenses through March 31.
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More Articles Tagged with 'Paycheck Protection Program'
Credit Union Magazine: Spring 2022

Spring 2022

Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.
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