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ServisFirst Bank Announces Growth in Central Florida Top-Ranked Community Bank Assembles Local Team for Orlando Market April 26, 2021 13:09 ET | Source: ServisFirst Bancshares, Inc. ServisFirst Bancshares, Inc. Birmingham, Alabama, UNITED STATES ORLANDO, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NASDAQ:SFBS), announces the opening of a Loan Production Office (LPO) in Orlando, Florida and the addition of four talented bankers, continuing their footprint of business operations in F...

The Small Business Administration wants to vet Paycheck Protection Program loans of $2 million or more, but lenders have grown tired of waiting for months with no updates.

Banks have diverted resources from traditional Small Business Administration lending to make Paycheck Protection Program loans, but many are taking steps to rev up 7(a) and 504 lending once the PPP winds down.

The majority of Paycheck Protection Program loans are being approved for borrowers in industries that have yet to regain their footing.