Update: PPP Loan Data Continues to Show that Big Bank Consolidation has Hampered Small Business Relief

Date: 15 Jun 2020 | posted in: agriculture | 0 Facebooktwitterredditmail

After Congress authorized a second round of PPP funding in May, news stories suggested that the big banks, like JP Morgan Chase and Bank of America, were picking up the pace and catching up to small banks. Yet data on total PPP lending through June 6 continue to show that a greater presence of big banks in a state correlates with fewer relief loans made to small businesses.… Read More

Report: Fewer Small Businesses are Receiving Federal Relief Loans in States Dominated by Big Banks

Date: 29 Apr 2020 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

A significantly larger number of federal relief loans are reaching small businesses in states where small, local banks comprise a greater share of the market, compared to states where big banks are more dominant, an ILSR analysis has found. … Read More

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