The PPP Small Business Loans Program

Explore the PPP Small Business Loans Program, its benefits, eligibility rules, and how it supported small businesses during ...
JD Supra

Approve First, Ask Questions Later: SBA Targets Planned Parenthood’s PPP Loans

As of May 2024, the U.S. Small Business Administration (SBA) had flagged nearly 38,000 already-forgiven Paycheck Protection ...
JD Supra

Effect of “forgiven” PPP loan on the deductibility of covered expenses

One of the principal benefits of the Paycheck Protection Program (“PPP”) is that the principal and interest from any loan forgiven is not includable in a taxpayer’s gross income. In what has developed ...
USA Today

Brunswick company agrees to pay nearly $1.5 million following pandemic loan scheme

Leland-based Campbell Sales Group, which does business as Leather Italia USA, will pay nearly $1.5 million in restitution and penalties for a PPP loan scheme. The furniture supplier fraudulently ...