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… provided guidance on how the Paycheck Protection Program (PPP) would benefit the company and its employees. Tony … financial institutions during the first round of the PPP but was unable to find a bank to process the loan. When the second round of PPP funding was released Tony contacted SBA-approved lender …
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7(a) Loan Approval for Borrowers with Unresolved COVID-19 Pandemic Loan Compliance Issues
… which included screening for Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) hold … loans, totaling $4.5 billion, where the borrower had a PPP loan or COVID-19 EIDL with an unresolved eligibility or … programs: 7(a), Credit/Capital, Pandemic Oversight, PPP Activity Audit/evaluation Remove download button Off … … -
Protecting the Integrity of the Pandemic Relief Programs
… controls within the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan (EIDL), … include the initiation of SBA pre-approval screening for PPP, tax transcript verification for COVID-EIDL, and Treasury … learned from the mistakes of the 2020 implementation of PPP and COVID-EIDL to design the two major relief programs … -
14 Arrested on Complaints Alleging More Than $25 Million in COVID-19 Relief and Small Business Loans Were Fraudulently Obtained
… to obtain a loan under the Paycheck Protection Program (PPP), which provided low-interest, forgivable loans to help … of a fake business that received more than $700,000 in PPP funds. Mery Babayan, 32, a.k.a. “Mery Diamondz,” of Van … Office Office of Inspector General Pandemic Oversight, PPP … 14 Arrested on Complaints Alleging More Than $25 … -
READOUT: SBA Administrator Joined Congresswomen Brenda Lawrence, Rashida Tlaib, and Haley Stevens in Detroit to Highlight the SBA’s Efforts to Support ‘Made in America’ Initiatives
… worst of the pandemic with Paycheck Protection Program (PPP) funding and used the assistance to pay staff while they … K-Tec Systems got funding from Paycheck Protection Plan (PPP) and the COVID Economic Injury Disaster Loan (COVID … Bobcat Bonnies benefitted from funding from the SBA’s PPP and COVID EIDL programs. They used funding from PPP to … -
Local bakery utilizes Paycheck Protection Program to ease payroll burden during COVID-19 pandemic
… SBA’s assistance through the Paycheck Protection Program (PPP). The bakery, owned by Mike and Pamela Harris, received … and operating expenses for eight weeks under the CARES act PPP. Harris was notified about the program from her West … starting our business with the SBA and now getting this PPP loan to sustain our business during this crisis.” … Local … -
Members of the Military: Let SBA Serve You on Your Entrepreneurship Mission
… relief options to help. The Paycheck Protection Program (PPP), for instance, is an SBA-backed loan that helps small … payroll during the pandemic. Borrowers may be eligible for forgiveness . Air Force veteran Tom McMahon – owner of … who have kept their businesses afloat with help from the PPP. The SBA is currently offering PPP loans originated only … -
Alaska Resident Found Guilty of Wire Fraud
… stimulus funds through the Paycheck Protection Program (PPP) and Economic Injury and Disaster Loan (EIDL) program. … but instead spent the money on personal expenses. The PPP and EIDL programs were designed to help small businesses … of Inspector General COVID EIDL, Pandemic Oversight, PPP … Alaska Resident Found Guilty of Wire Fraud … -
Omaha-based Company Uses Payroll Protection Program Loan to Provide Meals and Mortgages
… loan program was a huge help to Wade’s business. “What the PPP did was two things: put [my employees] back in a … so I know we’ll be in good shape once this ends.’ [The PPP] kept morale and our company culture in place.” The novel … subscribe to, they work even under intensive pressure. The PPP helped us become an even better version of ourselves.” … … -
SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
… for payroll costs. Eligible expenses for the eight-week forgiveness include: Payroll costs (excluding the prorated … -
Executive Transportation Drives through Crisis with SBA-backed Programs
… led him to be the first business his bank provided a PPP loan to. As soon as it received the PPP loan, Executive Transportation hired everyone back. Some … back to the business,” explained Ortis. “Additionally, the PPP brought my marketing and control team back to find ways … -
David Alcorta Catering
… with the process of the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL), and the … Restaurant Revitalization Fund (RRF). For the first draw PPP loan process, Alcorta was working with a large banking … Alcorta then worked with Amegy Bank for their second draw PPP where the company was able to build a stronger … -
Federal Grand Jury in Chicago Indicts Four Individuals for Alleged Covid-Relief Fraud
… in fraud related to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL)—two … Small Business Administration of millions of dollars in PPP loans and EIDL funds. From 2020 to 2022, the … of Inspector General COVID EIDL, Pandemic Oversight, PPP … Federal Grand Jury in Chicago Indicts Four Individuals … -
SBA Launches Portal to Begin Accepting Shuttered Venue Operators Grant Applications on April 8
… also amended the SVOG program so entities that apply for a PPP loan after Dec. 27, 2020, can also apply for an SVOG, with the eligible entity’s SVOG to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this. As … -
Missouri City resident admits to profiting $1.65 million from fraudulent pandemic loan applications
… conspiracy involving the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, … Nicholas J. Ganjei. Shawn Nicholas Young applied for PPP and EIDL loans on behalf of his own businesses as well as … of Inspector General COVID EIDL, Pandemic Oversight, PPP … Missouri City resident admits to profiting $1.65 … -
READOUT: Administrator Guzman Joins Congresswoman Cindy Axne in Iowa to Highlight President Biden’s American Rescue Plan and SBA Small Business Recovery Efforts
… SBA for help and received a Paycheck Protection Program (PPP) loan after the pandemic hit. Fox used PPP funds to help keep his business open and employees on … Schiller and Wells also benefited from SBA’s programs like PPP and COVID Economic Injury Disaster Loan during the … -
Federal Grand Jury in Chicago Indicts Five Individuals for Alleged COVID-Relief Fraud
… in fraud related to the Paycheck Protection Program (PPP), Economic Injury Disaster Loan program (EIDL), and … Small Business Administration of millions of dollars in PPP loans and EIDL funds. In 2020 and 2021, the … of Inspector General COVID EIDL, Pandemic Oversight, PPP … Federal Grand Jury in Chicago Indicts Five Individuals … -
READOUT: Administrator Guzman Joined Reps. Horsford and Titus in Las Vegas to Meet with Local Small Business Leaders and Celebrate AANHPI Heritage Month
… that benefitted from a Paycheck Protection Program (PPP) loan. Administrator Guzman met with Andrea Vigil, COO of … With the help of the SBA, Andrea was able to utilize two PPP loans, an Economic Injury Disaster Loan (EIDL), and … a local minority-owned small business that benefitted from PPP and EIDL, helping them keep their doors open during the … -
USAF Veteran and Medical Specialist Brings her Skills to Create a Home for Aging Families in Need
… and during the pandemic, the business received SBA loan forgiveness payments for several months. In addition, the Paycheck Protection Program (PPP) allowed us to avoid significant layoffs in early 2021, … maintain staffing through this critical period due to the PPP forgivable loan until our admissions increased by the … -
Championing Equitable Access for Women Business Owners
… she received from the SBA in Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) “allowed … We’re making progress and I’m excited to report that PPP loans to women-owned small businesses were up 14% in … $7.25 billion more for the Paycheck Protection Program (PPP) $15 billion in additional grants to help the smallest, …