Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid ...

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

The Small Business Administration (SBA) said on Thursday it had reviewed thousands of loans in the state, resulting in 6,900 borrowers being suspended with some to be referred to federal law ...