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… $1.1 billion in 9/11 disaster loans. 9/11 Disaster Loan Fraud. In 2003, the OIG began a proactive review of defaulted 9/11 EIDLs to assess whether there was fraud involved in obtaining or using loan proceeds. … Inevitably, some of these disaster loans involved fraud due to loan transactions being expedited in order to …

… which significantly increased the risk of program fraud.  The unprecedented demand for COVID-19 EIDLs and the … for SBA to strengthen its controls to lower fraud risk and recover funds from ineligible businesses as it …

… assistance through the Paycheck Protection Program (PPP) and the Restaurant Revitalization Fund (RRF). Andrus … the stressors and anxieties the pandemic presented.   The PPP and RRF loans were instrumental in helping Andrus, and …

… internal controls helped safeguard taxpayer funds against fraud, waste, or abuse. SBA established the use of bank card … detail reports to monitor delinquency, potential fraud and misuse, performance metrics, and other …

… helped cover rent and utilities for eight weeks. “With the PPP we were able to bring four employees back that weren’t … Bank were incredible to work with and we received the PPP funds within 10 days of closing.” … Paycheck Protection …

… additional data regarding the Paycheck Protection Program (PPP).  This agreement will ensure that the interests of both … type, and by various demographic categories.   For PPP data disclosed to date, including total dollars approved, …

… additional data regarding the Paycheck Protection Program (PPP).  This agreement will ensure that the interests of both … business type, and by various demographic categories. For PPP data disclosed to date, including total dollars approved, …

… lender oversight and safeguards against waste and fraud: While expanding its lending footprint in FY23, the SBA … risk and protect Americans and small business owners from fraud. In FY23 alone, the SBA completed more than 1,000 … — which checks every SBA application for potential fraud indicators before approving the loan. Positioning Our …

… SBA provided an EIDL and EIDL Advance funding as well as a PPP loan from Magnolia Bank to enable them to keep their employees on the payroll. Will said, “PPP and EIDL funds allowed us to make essential payments, …

… Revitalization Fund (RRF).    Application Process and Fraud Control Enhancements   In addition to the policy … that need COVID EIDL funding most, the SBA increased fraud controls and is working in collaboration with the SBA …

… access their information. Support Prudent Oversight and Fraud Risk Management: The President’s Budget provides … to effectively manage, oversee, and investigate potential fraud and unqualified recipients in the agency’s COVID-19 …

… Program loan from First United Bank & Trust. The PPP loan removed the burden of worrying what the future held … allowed Trilogy to retain all their employees. Trilogy’s PPP loan was fully forgiven in July of 2021. While growing …

… the agency is focused on restoring accountability, cutting fraud and waste, eliminating partisan bias, and restoring the … agency has also introduced significant reforms to combat fraud – including by  restoring strict loan underwriting …

… with funding from the Paycheck Protection Program (PPP). They used the assistance to cover payroll and … in New Orleans, LA. The restaurant received EIDL, RRF, and PPP funding during the height of the pandemic.   SBA … Kern in New Orleans, LA. Mardi Gras World used the SBA’s PPP loan to maintain payroll and cover administrative …

… loan processing.  Three of these loans had indications of fraud or misapplied loan proceeds and were subsequently … prevent loans to ineligible borrowers and protect against fraud.  SBA management agreed to implement both …

… and was able to obtain a Paycheck Protection Loan. “The PPP was a life saver. We got in touch with a really good … limited on how many clients we could see in a day. The PPP loan was perfect for helping us shore up that income.” … helpful throughout that process. Craig would go over the PPP process with me. He and I talked a lot about pivoting – …

… They received funds from the Paycheck Protection Program (PPP) to help pay themselves and their employees, and the … (EIDL) to assist with working capital needs. “Without the PPP and EIDL loans, we would’ve had a really hard time …

… for and received an SBA COVID EIDL loan and a small PPP loan in April 2020, enabling him to buy a delivery truck, … with delivery and private events into 2021.  A Second Draw PPP loan helped to pay staff salaries and other expenses, …

… her information on the SBA’s Paycheck Protection Program (PPP) and the SBA Economic Injury Disaster Loan (EIDL). This … application process for both and was approved for a $3,800 PPP Loan and a $30,000 SBA EIDL. Anita stated, “my business …