Coronavirus (COVID-19) Information for Small Business Lenders
The Small Business Administration (SBA) has completed the latest phase of the Paycheck Protection Program based on available funding.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act established several new programs administered by the Small Business Administration (SBA). These programs were designed to provide relief to small businesses during the course of this national emergency so small businesses could sustain their operations and keep their workers employed.
The FDIC worked with the SBA to help ensure that FDIC-supervised banks have the information they need to become SBA-certified lenders and make loans to small businesses through the SBA’s Paycheck Protection Program (PPP).
- Financial Institution Letter: Proposed Rulemaking to Mitigate the Deposit Insurance Assessment Effects of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility - May 12, 2020
- Press Release: FDIC Issues Proposed Rule to Mitigate the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility - May 12, 2020
- Press Release: Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio For Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility - May 5, 2020
- Press Release: Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility - April 9, 2020
- Financial Institution Letter: Changes to the Regulatory Capital Rule to Accommodate the Paycheck Protection Program - April 9, 2020
- Financial Institution Letter: New SBA and Treasury Programs Available for Small Business Relief - April 2, 2020
- FDIC Money Smart for Small Business
- Information about the FDIC Money Smart Alliance
SBA Resources for Financial Institutions
SBA provides local assistance nationwide through its network of district offices and resource partners.
For bankers with additional question about SBA’s new programs, please e-mail SBA at DelegatedAuthority@sba.gov
FDIC Chairman Jelena McWilliams informs bank customers about the ways the FDIC is working with banks to help during the Corona pandemic.
- Centers for Disease Control (CDC) for Coronavirus
- USA.gov Coronavirus Website
- Department of Health and Human Services (DHHS)
- Department of Labor Occupational Safety and Health Administration (OSHA)
- Business Pandemic Influenza Planning Checklist (DHSS) Checklist
- World Health Organization (WHO) Coronavirus Outbreak
- Ready.gov Pandemic Webpage
- U.S. Department of Veterans Affairs (VA)
- Department of Agriculture (USDA)
- Department of State Travel Advisories
- U.S. Agency for International Development (USAID)
- Coronavirus disease 2019 (COVID-19): What do Older Adults and People with Disabilities Need to Know?
- Money Smart for Older Adults Resource Guide
Helpful FDIC Articles
- Disaster Recovery and Your Money: A Basic To-Do List (FDIC Consumer News)
- When People Face Tough Times, Crooks Try to Profit (FDIC Consumer News)