Insight

Washington Report 360 | May 8, 2020

Ongoing focus on SBA PPP; $185 of $310 billion of PPP loans allocated; Credit impacts of COVID-19 on retail/commercial borrowers

Amy S. Matsuo

Amy S. Matsuo

National Leader, Regulatory Insights, KPMG US

+1 919-244-0266

Highlights

  • Ongoing focus on small businesses seen in attention to SBA PPP, including clarifications from SBA and CFPB, and SEC’s temporary guidance regarding crowdfunding offerings.
  • SBA reports that through May 7, Round 2 of the SBA PPP has realized nearly 2.5 million new loans with $185 billion of the $310 billion allocated.
  • Regulators are evaluating credit impacts of COVID-19 on retail and commercial borrowers.

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