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 ...
Will your bank sign on to the Small Business Administration’s Paycheck Protection Program forgiveness portal? If you’re one of the millions of business owners who’ve yet to apply for loan forgiveness, ...
On a phone call with lenders on Tuesday, the SBA offered new remedies for handling such rejections, which have triggered holds on borrowers’ second-draw PPP loan applications and thus delayed vital ...
September 29, 2025 – SAN JOSE, CA – Cassie Will-Darnall was sentenced on Wednesday to 18 months in federal prison for fraudulently obtaining more than $2.8 million in pandemic relief funds. U.S.
WASHINGTON, DC - FEBRUARY 03: Nominee for Administrator of the Small Business Administration Isabella Casillas Guzman attends her confirmation hearing before the Senate Small Business and ...
Businesses and not-for-profits that received $2 million or more in Paycheck Protection Program (PPP) loans must complete one of two new loan necessity questionnaires being sent to lenders by the U.S.
On Oct. 7, the Small Business Administration issued Procedural Notice 5000-20057 with an effective date of Oct. 2. This procedural notice provides guidelines and requirements for SBA approval for ...
The U.S. Small Business Administration (SBA) and Treasury issued guidance Wednesday night for the reconstituted Paycheck Protection Program (PPP). The guidance included two interim final rules (IFRs).
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