With the SBA's Paycheck Protection Program officially out of funds, ICBA is urging community bankers to
tell Congress to immediately approve additional funding for the small-business program.
Community bankers can use ICBA's Be Heard grassroots action center to tell policymakers to immediately approve at least $250 billion in new PPP funds.
The customizable grassroots alert also calls on lawmakers to dedicate 25 percent of program funds to community banks with $50 billion or less in assets.
ICBA's other suggested reforms include more workable loan terms, more flexibility in the timing of loan disbursements, expanded PPP loan uses, a robust lender safe harbor, and suspending "beneficial ownership" rules.
