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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Since 1933, no depositor has lost a penny of FDIC-insured funds

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).

FDIC Resources

Frequently Asked Questions on the Small Business Administration’s Paycheck Protection Program - Updated May 20, 2020

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.

 

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


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