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ABA: The American Bankers Association
Statement

ABA Supports Expanded Funding for SBA's Paycheck Protection Program

"We welcome the strong interest within Congress and the administration to expand emergency funding for the Small Business Administration's Paycheck Protection Program. Despite early difficulties with this unprecedented SBA lending program, banks of all sizes are actively accepting PPP loan applications and trying their best to deliver these funds to small business customers as quickly as possible.

"By approving additional funding right away, the administration and Congress can reassure more small businesses that they will be able to benefit from this financial lifeline. In the meantime, ABA will continue to work in partnership with the SBA and Treasury to resolve remaining operational issues that are keeping banks from fully participating in this important program."

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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

Contact Ian
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