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Coronavirus (COVID-19) Information for Small Business Lenders

Last Updated: June 23, 2020

FDIC Chairman Jelena McWilliams informs bank customers about the ways the FDIC is working with banks to help during the Corona pandemic.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has established several new programs administered by the Small Business Administration (SBA). These programs are designed to provide relief to small businesses during the course of this national emergency so small businesses can sustain their operations and keep their workers employed.

The FDIC is working with the SBA to help ensure that FDIC-supervised banks have the information they need to become SBA-certified lenders and start making loans to small businesses through the SBA's recently launched Paycheck Protection Program (PPP).

FDIC Resources

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

For additional information, visit the SBA at www.sba.gov or the U.S. Treasury at How the Treasury Department is Taking Action.

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