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Small Business Lending Forum: New Tools and Essential Updates June 24, 2016, s Sheraton Framingham Hotel & Conference Center Registration 8:30 a.m. Program Begins 9 a.m. Adjourns: 12:30 p.m. As the
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The Small Business Lending Forum is a platform or reporting mechanism designed for financial institutions to report their small business lending activities and practices to ensure compliance with regulatory requirements and promote transparency in lending.
Financial institutions that provide small business loans are required to file the Small Business Lending Forum. This typically includes banks, credit unions, and other lenders that meet specific criteria related to small business lending.
To fill out the Small Business Lending Forum, lenders must provide detailed information about small business loans made during the reporting period, including loan amounts, borrower demographics, and geographic data, following the prescribed format and guidelines.
The purpose of the Small Business Lending Forum is to collect data on small business lending practices, enhance transparency, and help regulators ensure that lending practices are fair and non-discriminatory, thereby supporting the growth and stability of small businesses.
Lenders must report information including the number of small business loans, total dollar amount of loans, borrower characteristics (such as race and gender), and loan terms, among other relevant data that provide insight into lending practices.
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