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… for a loan under the SBA Paycheck Protection Program (PPP), a new forgivable SBA-guaranteed loan program … through HomeStreet Bank and were funded in early May. The PPP has allowed Music Together to retain all 18 of its team … had to reduce the number of classes,” said Singer, “The PPP allowed us to say to our teachers that we can pay you …
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International Construction Expert Puts Down Entrepreneurial Roots in Omaha, Nebraska
… Loan (EIDL) and two rounds of Paycheck Protection Program (PPP) funding in 2020 and 2021 under the CARES Act. “COVID-19 … go away. I didn’t have any opportunities to bid on. The PPP allowed for me to payroll everyone even though I had no … my staff to stay together and not go on unemployment. Both PPP loans were forgiven. It was a blessing – it was very, … -
SBA Elevates Women-Owned Small Businesses
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Helping America’s Entrepreneurs Get Back to Business
… check out these SBA programs: Paycheck Protection Program (PPP) : Available through June 30, the PPP is an SBA-backed loan that helps small businesses and … this month, has extended the covered period for loan forgiveness to 24 weeks after the loan disbursement and … -
With SBA COVID Relief Programs, Restauranteur and Caterer is Able to Stay in Business and Grow
… out four SBA-administered Paycheck Protection Program (PPP) loans for his Euclid, Shaker Heights and Garfield Heights stores. “The PPP was a great thing, and I was able to pay employees and pay rent,” Sam said. “The PPP loans helped us get ahead of the game. Because of the … -
SBA Helps Salon Manage Growth and Pandemic Impact
… Chenica applied for an SBA Paycheck Protection Program (PPP) loan. The loan helped save the business and jobs. Also, … by Spectrum News 1 (Charter Cable) regarding the PPP loan and the value to their business. Ricka provided advice for those who did not receive the PPP in 2020, stating “….people who didn't get (PPP funds) in … -
SBA Recovery Programs Assist Engineering Firm Through Pandemic
… immediately applied for a Paycheck Protection Program (PPP) forgivable loan. They received a PPP First Draw in 2020 and a Second Draw PPP in early 2021. Successful Impact/Outcome Within a matter … -
Construction Company CEO Arrested for Amassing Real Estate Empire Through $4 Million in Fraudulently Obtained COVID-19 Relief Loans
… Visalia, submitted fraudulent Paycheck Protection Program (PPP) loan applications for three of his companies: … given. Over the following months, Mackey laundered the PPP loan funds through fraudulent payroll payments to family … estate investments and luxury goods purchases traceable to PPP funds through at least 2023. This case is the product of … -
California Man Pleads Guilty for Role in $15.9M COVID-19 Fraud Scheme
… million in loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) programs. “The … other co-conspirators, submitted several dozen fraudulent PPP and EIDL loan applications on behalf of various companies … Division’s prosecution of fraud schemes that exploit the PPP. Since the inception of the CARES Act, the Fraud Section … -
Two People Sentenced for Stealing Nearly $300,000 in COVID-19 Relief Money
… One such program, the Paycheck Protection Program (PPP), provided government-backed funding to small businesses … other economic circumstances caused by the pandemic. The PPP and EIDL programs have provided billions of dollars in … at least $292,000 in CARES Act funding through the PPP and EIDL programs and submitted fraudulent applications … -
Financial Therapy in the Time of Need
… by her banker regarding the Paycheck Protection Program (PPP) and she was urged to apply. Premier Physical Therapy was approved for a $98,000 PPP loan which allowed the business to continue providing … sought the assistance of SBA services, but thanks to the PPP and the SBA EIDL, the business has been able to remain as … -
VT Fitness Studio Bouncing Back After Pandemic
… staff on payroll due to the Paycheck Protection Program. PPP provided small businesses forgivable loans through the … to stop the spreading of the disease. “When we got the PPP money we were pumped. When you own a small business, it … bills to pay. Luckily, we were able to use some of the PPP to pay our rent. We were extremely relieved to get it and … -
U.S. Small Business Administration Releases Report on Anti-Fraud Control Measures in Pandemic Relief Programs
… programs, including the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan Program … fraud.” The new anti-fraud measures deployed in 2021 in PPP and COVID-EIDL, which are explained in detail in the … fraud rates for new relief programs. Taking learnings from PPP and COVID-EIDL, the SBA team achieved dramatically lower … -
From the First State to the Four Corners of the Globe: Delaware Firm Exports Electronics Worldwide with a Little Help from the Delaware Small Business Development Center and SBA
… COVID relief program the Paycheck Protection Program (PPP). Active through May 2021, PPP was an SBA-backed loan that helped small businesses … meet payroll and other eligible expenses. Alerted to the PPP program by his then-commercial lender, Molanes set about … -
Magic City Hoagies
… reached out to her with the Paycheck Protection Program (PPP), she applied for and received a first draw PPP loan. She also applied for and received an EIDL … little bit of help counted,” she said. “I used all of the PPP funds to pay my employees. Since I had to build out an … -
About COVID-19 EIDL
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Paycheck Protection Program Loans and Changes of Ownership
… an entity that has received Paycheck Protection Program (PPP) funds (a “PPP borrower”). Office of Capital Access Effective: October … | Download .pdf for / October 2, 2020 Related programs: PPP Remove download button Off … SBA Procedural Notice … -
Morgantown Small Business uses Paycheck Protection Program bring back Employees
… in Morgantown to secure the Paycheck Protection Program (PPP) under the CARES act. “I found the process to get the PPP to be relatively simple, the most difficult part was … received the much needed funds in 7-10 business days.” The PPP has allowed Masters to hire back all of his employees who … -
COVID-19 Economic Injury Disaster Loan
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Readout from the SBA / Treasury Roundtable Discussion with Minority Depository Institutions
… experiences as lenders in the Paycheck Protection Program (PPP), including their work to serve small businesses in low- … the MDIs for their continued efforts in ensuring that PPP funds reach all communities in need. As of July 24, 2020, 171 MDIs had participated in the PPP, approving over 120,000 loans for more than $10 billion. …