SBA Releases Compliance Form for Smaller Institutions on Debanking Order

On August 7, 2025, President Donald J. Trump issued the Executive Order 14331, Guaranteeing FairBanking for All Americans (“Fair Banking Executive Order”), instructing the SBA, along withfederal banking regulators, to end the practice of politicized or unlawful debanking, which is thepractice where banks and financial services providers, both independently and at the direction offederal regulators, freeze or close accounts, deny loans, and refuse services to “politically disfavored” people and businesses.

In connection with the Fair Banking Executive Order, and in order for your institution to maintain good standing status under 13 CFR § 120.410(e) and § 120.420(e), the SBA recently sent a letter (the“SBA Letter”) requiring your institution to cease any politicized or unlawful debanking actions,attempt to reinstate affected customers, and provide a detailed report addressing and evidencing your compliance with the Executive Order.

Download to read the full text from the U.S. Small Business Administration Office of General Counsel