FEMA: President Trump Approves Major Disaster Declaration for Georgia
Yesterday, FEMA announced federal disaster assistance is available to the state of Georgia to supplement state and local recovery efforts in the areas affected by Tropical Storm Zeta on Oct. 29, 2020. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and…
FEMA: President Trump Approves Major Disaster Declaration for Connecticut
FEMA announced federal disaster assistance has been made available to the state of Connecticut to supplement state, tribal and local recovery efforts in areas affected by Hurricane Isaias on Aug. 4, 2020. Federal funding is also available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency…
SBA: PPP Re-Opened to Small Lenders on January 15th and All Lenders on January 19th
Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or…
OCC: Brian Brooks Steps Down and Blake Paulson Becomes Acting Comptroller of the Currency Immediately
Acting Comptroller of the Currency Brian P. Brooks today announced he will step down on January 14, 2021, and pursuant to 12 USC 4, Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency. “It has been a great honor to serve the United States as Acting Comptroller of the Currency,” Acting Comptroller…
FEMA: President Trump Approves Major Disaster Declaration for Louisiana
FEMA announced federal disaster assistance has been made available to the state of Louisiana to supplement state, tribal and local recovery efforts in areas affected by Hurricane Zeta from Oct. 26-29, 2020. The President’s action makes federal funding available to affected individuals in Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard and Terrebonne parishes. Assistance can include grants for…
SBA: 1.1 Million PPP Loans Forgiven So Far Totaling Over $100 Billion
Small borrowers make up vast majority of forgiveness applicants The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended. “Today’s news is a key…
FEMA: President Trump Approves Emergency Declaration for the District of Columbia
FEMA announced federal disaster assistance has been made available to the District of Columbia to supplement the District’s response efforts due to the emergency conditions resulting from the 59th Presidential Inauguration from January 11 to January 24, 2021. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating…
SBA: PPP Re-Opened to Community Financial Institutions First
Community Financial Institutions get dedicated access starting January 11, 2021 The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing its dedicated commitment to underserved small businesses and to addressing potential access to capital barriers by initially granting PPP access…
SBA: New, Free Online Digital Learning Platform Launched
Ascent built to assist nearly 13 million women-owned small businesses The U.S. Small Business Administration Administrator Jovita Carranza, today announced the launch of Ascent, a first-of-its-kind, free digital e-learning platform geared to help women entrepreneurs grow and expand their businesses. Ascent has valuable content such as tips on preparing and recovering from disasters, strategic marketing and business financial strategy…
FDIC: Eleven Companies Selected to Compete in Final Phase of Tech Sprint
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of 11 companies to compete in the third and final phase of the agency’s Rapid Phased Prototyping Competition, a tech sprint designed to develop an innovative new approach to financial reporting, particularly for community banks. The FDIC selected the following companies to continue to Phase…