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… of Lender Service Provider Pleads Guilty for Role in PPP Fraud Scheme Click Here to Sign Up for SBA OIG Email … (SBA) through the Paycheck Protection Program (PPP). “During a national emergency, this defendant exploited … conspired with others to submit false and fraudulent PPP loan applications, including by fabricating documents …
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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 … -
SBA’s Paycheck Protection Program Loan Review Processes
… Paycheck Protection Program loans for eligibility and forgiveness. Report 22-09 The Office of Inspector General … (SBA) processes for reviewing Paycheck Protection Program (PPP) loans for eligibility and forgiveness. SBA’s online loan … payment promptly creates uncertainty for borrowers and PPP lenders who are unsure if SBA will forgive their loans. … -
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 … -
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 … the funds to SBA, conducting a fraud review, reversing forgiveness when appropriate, and handling loans with only a … -
SBA PPP Loan Provides Lifeline to Nonprofit Foster Care Community
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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 … -
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 … -
Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes
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SBA Administrator Isabella Casillas Guzman’s Statement on President Biden signing the PPP Extension Act of 2021 into law
… Casillas Guzman’s Statement on President Biden signing the PPP Extension Act of 2021 into law WASHINGTON – As President Joe Biden signed the PPP Extension Act of 2021 into law today, extending the … impacted by the pandemic: help is here. By signing the PPP Extension Act of 2021 and the American Rescue Plan Act … -
PPP Loan and Emerging Leaders Helps Retool a Business
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Joint Statement by Administrator Jovita Carranza and Secretary Steven T. Mnuchin on Establishing Dedicated Hours for Small Lender Submissions of PPP Applications
… Dedicated Hours for Small Lender Submissions of PPP Applications WASHINGTON – U.S. Small Business … statement today on the Paycheck Protection Program (PPP) amid continuing efforts to aid small community lenders, … run efficiently: “In order to ensure special access to the PPP loan program for the smallest lenders and their small … -
Guidance on the Return of Paycheck Protection Program (PPP) Loan Funds
… Guidance on the Return of Paycheck Protection Program (PPP) Loan Funds Procedural notice 5000-851892 The purpose of … on the return of Paycheck Protection Program (PPP) loan funds to SBA. This Notice also provides PPP Lenders with guidance on their responsibility to accept … -
PPP Loan Necessity Questionnaire (Non-profit borrowers)
… PPP Loan Necessity Questionnaire (Non-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 … -
Paycheck Protection Program (PPP) flyer
… Paycheck Protection Program (PPP) flyer Protected Jobs, Prevented Firm Closures, and Led to Job Creation Brand guide The PPP program was created to provide relief to small businesses … loans were fully SBA-guaranteed and eligible for full loan forgiveness. SBA collaborated with the U.S. Census Bureau to … -
Guidance on Participation Sales for Paycheck Protection Program Loans
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PPP, EIDL Programs Help Rural, Immigrant and Woman-Owned Small Business Save Jobs
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SBA Administrator Statement on GAO Findings: PPP Program Increased Lending to Smallest Businesses, Underserved Communities
… SBA Administrator Statement on GAO Findings: PPP Program Increased Lending to Smallest Businesses, … that critical changes to the Paycheck Protection Program (PPP) implemented under her leadership earlier this year had … groups were facing unique challenges in getting PPP loans, the Biden-Harris Administration and I directed our …