7 Bank Stocks That Could Get a Lift From SBA Loans

A select group of bank stocks are in the midst of facilitating what might be the most ambitious lending program in U.S.

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A select group of bank stocks are in the midst of facilitating what might be the most ambitious lending program in U.S. history. It's part of the $2 trillion CARES Act, intended to help small businesses survive the impact of the coronavirus.

As part of this plan, the U.S. Congress has funded $350 billion of small business loans. And businesses ran through this money so fast that the Senate has passed another $484 billion relief bill, $310 billion of which will go toward the Paycheck Protection Program – a major part of the CARES Act.

Disclaimer

Data is as of April 21. Dividend yields are calculated by annualizing the most recent payout and dividing by the share price.

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Lisa Springer
Contributing Writer, Kiplinger.com

Lisa currently serves as an equity research analyst for Singular Research covering small-cap healthcare, medical device and broadcast media stocks.