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SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19
… Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for … open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications … -
Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme
… Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme Click Here to Sign Up for SBA OIG Email … (SBA) through the Paycheck Protection Program (PPP). According to court documents and evidence presented at … conspired with others to submit false and fraudulent PPP loan applications, including by fabricating documents … -
COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape
… COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape U.S. Small Business Administration … Disaster Loan (EIDL) and Paycheck Protection Program (PPP) funds. In the rush to swiftly disburse COVID-19 EIDL and PPP funds, SBA calibrated its internal controls. The agency … -
PPP ‘Instrumental’ for Montpelier Distillery
… PPP ‘Instrumental’ for Montpelier Distillery When Covid-19 … primary provisions was the Paycheck Protection Program. PPP provided small businesses forgivable loans through the … throughout the U.S. received billions of dollars in PPP loans. Vermont, the second least populated state in the … -
SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP
… Connect with CDFIs, Small Asset Lenders Participating in PPP WASHINGTON – Today, U.S. Small Business Administration … asset size lenders in the Paycheck Protection Program (PPP). SBA’s Lender Match is an additional resource for … who have not applied for or received an approved PPP loan to connect with lenders. The forgivable PPP loan is … -
PPP Loan Necessity Questionnaire (For-profit borrowers)
… PPP Loan Necessity Questionnaire (For-profit borrowers) … borrowers, who together with their affiliates, received PPP loans totaling $2 million or greater, made on their PPP Borrower Application (SBA Form 2483 or Lender’s … -
Procedures for Lender Submission of Paycheck Protection Program Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews
… This Notice is to inform Paycheck Protection Program (PPP) Lenders of the processes for submitting decisions on PPP borrower loan forgiveness applications Procedural notice … of this Notice is to inform Paycheck Protection Program (PPP) Lenders of the processes for submitting decisions on PPP … -
Company Uses SBA 8(a), HUBZone and PPP to Grow and Survive the Pandemic
… Company Uses SBA 8(a), HUBZone and PPP to Grow and Survive the Pandemic Since 1986, Grōt, … federal projects to increase safety. Grōt, Inc. received a PPP forgivable loan in April 2020. Paperwork was processed … during most of the pandemic. With the Second Draw PPP in February 2021, the company was able to keep the … -
SBA’s Great Lakes Region Has Nearly 308,000 Loans Totaling $22.8 Billion Approved in Paycheck Protection Program’s Second Round
… and non-profits with a total of $22.8 billion in approved PPP loans. The second round of PPP funding re-opened on April 27, 2020, after the first … one week, we have already surpassed our total first round PPP loan numbers by nearly 10,000 and loans continue to be … -
Seattle Chef Uses SBA Assistance to Grow Business and PPP Loan Keeps Business Open During Pandemic
… Seattle Chef Uses SBA Assistance to Grow Business and PPP Loan Keeps Business Open During Pandemic Seattle Chef Uses SBA Assistance to Grow Business and PPP Loan Keeps Business Open During Pandemic Situation In … and receive aid from the SBA Paycheck Protection Program (PPP) which has helped him keep every employee on staff with … -
Pharmaceutical Company Receives SBA PPP Loans & Research Grants
… Pharmaceutical Company Receives SBA PPP Loans & Research Grants Situation: Estimates show that … took advantage of the SBA Paycheck Protection Program (PPP), forgivable loans to keep employees on the payroll. Bexion received its initial PPP loan in April 2020 and a PPP Second Draw loan in early … -
PPP 3508S Loan Forgiveness Application + Instructions
… PPP 3508S Loan Forgiveness Application + Instructions SBA … Number 3245-0407 Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. A borrower may use this form only if … -
Extension and Revision of SBA Guidance on Guaranty Purchases and Lender Servicing Responsibilities for PPP Loans
… Purchases and Lender Servicing Responsibilities for PPP Loans This Notice extends and revises the guidance … Purchases and Lender Servicing Responsibilities for PPP Loans” (“First PPP Guaranty Purchase Notice”). Additionally, this Notice … -
FOIA
… program and loan data SBA documents and press releases OHA PPP Appeal Decisions cited in Frequently Asked Questions for PPP Borrowers and Lenders How to submit a FOIA request If you … -
Serious Concerns Regarding the Return of Paycheck Protection Program Funds
… to bring attention to concerns regarding the return of PPP funds. Report 23-08 The Office of Inspector General (OIG) … regarding the return of Paycheck Protection Program (PPP) funds. This issue requires immediate attention and … in place to adequately accept, process, and account for PPP funds returned by borrowers, lenders, and financial … -
Paycheck Protection Program Eligibility for Nonprofit Organizations
… of Inspector General (OIG) conducted this review to assess PPP eligibility for nonprofit organizations. Report 22-21 The … this review to assess Paycheck Protection Program (PPP) eligibility for nonprofit organizations. Based on data analysis, we identified 179 PPP loans, totaling approximately $684 million, made to … -
Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes
… Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes Click Here to Sign Up for SBA OIG Email … (SBA) through the Paycheck Protection Program (PPP). According to court documents and evidence presented at … he knew had not received payments from the company in the PPP loan applications. In addition, Shah signed and caused to … -
SBA Administrator Isabella Casillas Guzman’s Statement on President Biden signing the PPP Extension Act of 2021 into law
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SBA PPP Loan Provides Lifeline to Nonprofit Foster Care Community
… SBA PPP Loan Provides Lifeline to Nonprofit Foster Care Community … Lisa Chin turned to SBA’s Paycheck Protection Program (PPP) for help. The forgivable SBA-guaranteed loan … received the funds within seven days.s. The PPP loan allowed the organization to maintain the same level …