Heard on the Street – here’s what we were reading last week:
Double down on community banks and PPP loans: The US must unite around helping small businesses brave a long winter with rising COVID-19 caseloads. The best way to do this would be through a new version of the Paycheck Protection Program.
What will it take to boost SBA lending?: Seven weeks into a new fiscal year, the Small Business Administration’s flagship 7(a) program is off to a sluggish start. A turnaround largely hinges on the course of the pandemic or more aggressive governmental assistance.
Local Lenders Stay Sidelined as Cash Flows to Opportunity Zones: Lenders that have historically provided capital to underserved areas—the focus of the opportunity zone tax breaks—have struggled to get involved in the burgeoning market for the tax-advantaged investments.