- Gordon Brothers Welcomes Tron Allen as Senior Managing Director
- Robert Biodrowski Named Head of Market Coverage for Wells Fargo Commercial Banking
- ABL and Factoring Add $173 Billion to U.S. GDP and Support 773,000 Jobs, New Study Finds
- Beyond the Basics: Expert Perspectives on Niche Industry Factoring & Lending
- Garrington Group of Companies Names Vince Mancuso Chief Executive Officer of Liquid Capital
SFNet Sends Letter to SBA and Treasury in Support of Non-bank Lenders Under CARES Act
By Secured Finance Network
SFNet’s CEO submitted a letter to US Treasury Secretary Mnuchin and Administrator Carranza of the Small Business Administration, seeking affirmation of eligibility of non-bank lenders under the CARES Act. The letter seeks to further ensure that non-bank lenders are afforded all available protections under the Act as regulations are now established and implemented.
Click here to view the letter.(Editor’s note: Subsequent to this letter, the SBA has issued its ‘Interim Final Rule’ that makes businesses identified in 13 CFR 120.110, which includes financial services companies, ineligible for the Paycheck Protection Program. SFNet will be seeking any recourse available to press the SBA to amend this position)
About the Author
© 2026 Secured Finance Network
