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

How Cities and States Are Stepping up to Help Small Businesses in Crisis (Episode 101)

Date: 28 May 2020 | posted in: Building Local Power, Retail | 0 Facebooktwitterredditmail

Host Jess Del Fiacco talks with Kennedy Smith, Senior Researcher with ILSR’s Independent Business initiative, about efforts at the state and local level to support small businesses affected by the pandemic.… 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

ILSR & Allies Urge Congress to Act on Small Business Crisis

Date: 14 Apr 2020 | posted in: agriculture, Retail | 0 Facebooktwitterredditmail

Hundreds of thousands of small businesses shuttered by COVID-19 are at risk of closing for good in the coming weeks. To protect Main Street jobs, workers, and businesses while they hibernate and adapt to save lives during the pandemic, the Institute for Local Self-Reliance has joined a range of allies in demanding a federal small business aid program that meets this moment.… Read More

How State and Local Governments are Helping Small Businesses During the Coronavirus Pandemic

Date: 8 Apr 2020 | posted in: Retail | 0 Facebooktwitterredditmail

Cities and states must help support businesses and working families, especially until the federal response meets the scope of the COVID-19 crisis. In some places, that’s already happening. Here are the steps local and state governments have taken so far to shelter small businesses from the virus’s vast economic turmoil.… Read More

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