Heard on the Street: doubling down on community banks, boosting SBA lending, and local lenders sidelined by OZones

By November 30, 2020 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Can a Start-Up Mentality Save Small Businesses?: Small-business owners are having to learn approaches like “fail fast,” course-correcting and going virtual — and some are succeeding.

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.