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… 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, …
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SBA Elevates Women-Owned Small Businesses
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Vulnerability disclosure policy
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Administrator Loeffler Orders Full-Scale Audit of 8(a) Contracting Program
… of Justice (DOJ) investigation uncovered a years-long fraud and bribery scheme involving a former federal … SBA’s 8(a) Business Development Program has seen rampant fraud – and increasingly egregious instances of abuse,” said … to recover misused funds. Anyone with information about fraud, waste, mismanagement, or misconduct may report it to … -
Small Business Administration Announces Agency-Wide Reorganization
… programs of the past. Prioritizing risk management and fraud prevention by centralizing these functions within the … An estimated $200 billion in Paycheck Protection Program (PPP) and Covid Economic Injury Disaster Loan (EIDL) fraud was ignored for four years. Meanwhile, irresponsible … -
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 … -
Financial Therapy in the Time of Need
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Magic City Hoagies
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Statement by SBA Administrator Guzman on President Biden’s Pandemic Anti-Fraud Proposal
… Administrator Guzman on President Biden’s Pandemic Anti-Fraud Proposal WASHINGTON – Today, Administrator Isabella … the following statement on President Biden’s sweeping anti-fraud proposal: “President Biden and Vice President Harris … While the previous administration skipped basic fraud controls in the Paycheck Protection Program and the … -
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 … -
Essential Business uses Paycheck Protection Program to Bring Back Employees
… 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 … -
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. … -
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
… a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President … easier for businesses to realize full forgiveness of their PPP loan. Click here to view the EZ Forgiveness Application. … -
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 … -
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 … other essential bills during the COVID-19 outbreak. The PPP Flexibility Act passed this month, has extended the … -
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 … -
Independent Auditors’ Report on SBA’s Fiscal Year 2023 Compliance with the Payment Integrity Information Act of 2019
… corrective action plans for the disaster assistance loans, PPP loan forgiveness, and PPP loan guaranty purchases programs and activities. … 7(a), Agency Management, CDC/504, Pandemic Oversight, PPP Activity Audit/evaluation Remove download button Off … … -
Local bakery utilizes Paycheck Protection Program to ease payroll burden during COVID-19 pandemic
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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 …