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The recently passed Paycheck Protection Program along with other SBA loans are turning out to be a boon for small banks. With a massive need for them and loan forgiveness available, many banks are issuing loans at a faster rate than at any period in their history. Community banks are best positioned to deal with the sudden availability of this loan program and have been the most successful in administering these loans. With this influx of loans, small community and regional banks have the potential to grow their revenue by an exceptional amount.
