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ABA: The American Bankers Association
Statement

ABA Statement on SBA Paycheck Protection Program

“The SBA's Paycheck Protection Program will deliver much-needed financial relief to small businesses across the country in the wake of the COVID-19 crisis. Now that SBA and Treasury have shared key implementation details and made important changes to the program, I expect banks of all sizes will participate and provide this important financial lifeline to small business customers.

"We should all remember that this is an unprecedented expansion of SBA lending that will take some time before it’s fully functioning. America's banks are already assisting their small business customers across the country, and they stand ready to work in partnership with the federal government to get these new funds to small businesses in need as quickly as possible."

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $20.3 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $15.8 trillion in deposits and extend nearly $11 trillion in loans.

Press Contact

Ian McKendry

(202) 663-5473

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