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SBA Loan Forgiveness for PPP, EIDL and 7(a) Loans

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...
Forbes

Feds Net Another Guilty Plea Related To Covid-Related Financial Fraud

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...
The Business Journals

Millions of SBA’s PPP, EIDL loans in default or late

The SBA's Inspector General has highlighted $200 billion in potential fraud as loan defaults rise in Covid-19 relief programs. The agency disagrees. Businesses have defaulted on hundreds of thousands ...
wandtv.com

Disaster loans offered to small businesses affected by Mattoon algal bloom

The U.S. Small Business Administration (SBA) is offering disaster relief to small businesses and private nonprofits affected by the Mattoon algal bloom this summer.
Forbes

Ten Defendants Charged In Covid-19 Relief Schemes Totaling Nearly $1 Million

The Department of Justice continues to focus on pandemic-related fraud. This week, a federal grand jury in the Western District of Tennessee returned an indictment charging ten individuals for their ...
The Business Journals

Funding is exhausted for the SBA's EIDL. But this lucrative Covid-19 relief option remains.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The SBA's popular EIDL Covid-19 relief program has depleted ...
Black Enterprise

Small Business Administration Implements 60-Day Goodwill Exception For PPP, EIDL Loans

The Small Business Administration (SBA) is giving entrepreneurs a 60-day goodwill grace period to pay back COVID-19 PPP and EIDL loans under $100,000. The Small Business Administration (SBA) is giving ...
Inc

EIDL, PPP Loan Fraudsters Could Face Longer Investigation Window. Hold Onto Your Records

Update: The Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act were signed into law in early ...
Inc

SBA Helps 4 Million Small Businesses Into Disaster Loans, Marking $390 Billion in Low-Cost Covid Aid

It seems that small-business owners who took out disaster loans from the U.S. Small Business Administration cut quite the deal as the Federal Reserve deploys historic measures to tame spiraling ...
Newsday

IRS: COVID-19 fraud convictions bring average 3-year prison sentence

Three years in prison is the average sentence imposed on individuals convicted of ripping off federal COVID-19 relief programs aimed at helping businesses and individuals, officials said this week.
abcnews4

Charleston man sentenced to 1 year in prison in COVID relief fund fraud case

CHARLESTON, S.C. (WCIV) — A Charleston man who pleaded guilty to fraudulently obtaining more than $80,000 in COVID relief funds was sentenced to one year in federal prison, the United State Attorney's ...