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Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Most small businesses don’t have a lending relationship with a bank. She also urges government officials to remember the return in investment for Main Street businesses. Some don’t have any relationship with a bank.

Maine 142
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A Better Deal

Independent Banker

Tax credits for Main Street lending. As a small urban community bank, North Valley Bank is increasingly challenged with heavily government-subsidized competition. In response, ICBA is promoting a new tax policy idea as part of its Plan for Prosperity regulatory-relief legislative package. Chuck Johnston.

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Your Financial Institution Issued a PPP Loan – Now What?

Abrigo

Community financial institutions have worked non-stop since learning of the Paycheck Protection Program (PPP) to understand the details, take applications, and get loans through the SBA E-Tran system so that fellow business owners in their communities can retain or bring back workers. Lending & Credit Risk. SBA Lending.

Lending 221
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Taking Our Stand

Independent Banker

The National Credit Union Administration’s irresponsible power play earlier this year to ignore the explicit member business lending limits Congress has set for credit unions could not be ignored. percent-total-asset cap on credit union commercial lending that Congress purposefully put in place.

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The Case For Localizing Mom-And-Pop Investment

PYMNTS

When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs.

Capital 145
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Hot Wheels

Independent Banker

Competition and regulatory risk in car lending race off. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million.

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Hot Wheels

Independent Banker

Competition and regulatory risk in car lending race off. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million.