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 ...

Although the Paycheck Protection Program ended in 2021, PPP loan enforcement and litigation remain alive and well. Government and private actions during the past 12 months signal a continued focus on ...

The Biden administration just made it easier for very small businesses and self-employed workers to get more money in less time. Paycheck Protection Program loan portal opens to larger lenders soon: ...

The Paycheck Protection Program is one of the most successful government programs ever created. It distributed $800 billion of forgivable loans during the once-in-a-century pandemic to over six ...

We examine the longer-term effects of the Paycheck Protection Program (PPP) and the PPP Liquidity Facility (PPPLF) on small business (SME) lending using bank-level Call Report data. To identify a ...

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The U.S. Small Business Administration disbursed up to $200 billion in potentially fraudulent COVID-19 Economic Injury Disaster Loans, EIDL Targeted Advances, Supplemental Targeted Advances and ...

Araceli Benitez allegedly advertised services to obtain Paycheck Protection Program loans. Benitez arrested in FBI, IRS investigation into COVID-19 relief fraud. Paycheck Protection Program was ...

With the Paycheck Protection Program firmly in the rearview mirror, the SBA’s core loan programs have seen an increase in ...

In an effort aimed at funneling more capital to underserved borrowers, the Small Business Administration will eliminate a four-decade-old policy that set strict limits on the number of nondepository ...

Defaulting on an SBA loan is serious; you can face bank levies, wage garnishment and foreclosure. But some cases allow ...

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 ...