Regulatory Alerts2020-04-06
SR 20-10: Small Business Administration (SBA) and Treasury Small Business Loan Programs
The Federal Reserve issued this letter to inform supervised financial institutions about relief programs for small businesses affected by COVID-19 under the CARES Act. The document encourages participation in the SBA Economic Injury Disaster Loan program and the Treasury's Paycheck Protection Program, providing links to relevant guidance. Federal Reserve examiners will not criticize institutions that prudently utilize these programs, with additional supervisory information available on the Board's public website.
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