A man pleaded guilty to a PPP fraud scheme that netted him over $1 million in pandemic relief funds meant for small ...

A government watchdog said the Small Business Administration (SBA) handed out $684 million worth of Paycheck Protection Program (PPP) loans during the COVID-19 pandemic to scores of nonprofit ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

Even if businesses have secured forgiveness for their PPP loans, the work still might not be done. Here's a costly mistake companies need to avoid to steer clear of increasing federal scrutiny.

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in or around March 2020 designed to provide emergency financial assistance to the millions of Americans who ...

PITTSFIELD — The Paycheck Protection Program's loan portal will re-open to some lenders Friday and to all lenders Tuesday, according to the U.S. Small Business Administration and the U.S. Treasury ...

The majority of Paycheck Protection Program loans given to small businesses during the COVID-19 pandemic have been forgiven, but new data show the program was rampant with fraud. Interesting new data ...