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Former Solon-based Manufacturer to Pay $6M to Resolve False Claims Act Allegations Relating to Paycheck Protection Program
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Head of the SBA Visits Small Businesses in Dallas, Texas And highlights the Role of Small Businesses in a Recovering Economy
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Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program
… regarding the success of the Paycheck Protection Program (PPP): “The Treasury Department and SBA launched the … which will protect a vast number of American jobs. “The PPP enjoyed broad-based participation across the country from … of industries and businesses. From its start on April 3, PPP provided payroll assistance to more than 1.6 million … -
Public Servants Sentenced for COVID-19 Relief Fraud
… applications for two Paycheck Protection Program (PPP) loans and one Economic Injury Disaster Loan (EIDL), as … additionally admitted to fraudulently obtaining two PPP loans. On April 24, 2021, Stephen submitted a first-draw PPP loan application, claiming to be the sole proprietor of a … -
Preventing fraud and identity theft
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SBA’s Paycheck Protection Program Loan Review Processes
… (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. … indicator of fraud. Borrowers who fraudulently obtained a PPP loan are unlikely to apply for loan forgiveness. We … -
SBA Regional Administrator Rob Scott’s Statement on the Paycheck Protection Program’s Second Round of Funding
… part of that effort, from 4 to 11:59 p.m. EDT today, SBA’s PPP loan processing system is only open to lending … entry. “As of this evening, more than 960,000 approved PPP loans totaling nearly $90 billion had been processed via … less than $50 billion in assets have approximately 793,000 PPP loans approved for $63 billion. The average overall PPP … -
The Small Business Administration’s Implementation of Recommended Controls and the Economic Aid Act
… controls related to the Paycheck Protection Program (PPP). The Economic Aid Act continued assistance under the PPP for small businesses financially affected by the ongoing coronavirus pandemic. We found SBA implemented the PPP in accordance with the Economic Aid Act with two … -
SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program
… of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development … These dedicated funds will further ensure that the PPP reaches all communities in need of relief during the … for President Trump. “The forgivable loan program, PPP, is dedicated to providing emergency capital to sustain … -
SBA and Treasury Announce Release of Paycheck Protection Program Loan Data
… the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to millions of American … -
Joint Statement by SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin Regarding Enactment of the Paycheck Protection Program Flexibility Act
… the enactment of the Paycheck Protection Program (PPP) Flexibility Act: “We want to thank President Trump for … implementing these legislative amendments to the PPP. These modifications will implement the following … for loan forgiveness. Borrowers who have already received PPP loans retain the option to use an eight-week covered … -
COVID-19 Resources for Small Businesses
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Nine2Five Overcomes Economic Obstacles with SBA Assistance to Win Franchisee of the Year 2022
… Shortland heard about the Paycheck Protection Program (PPP) and the Targeted Economic Injury Disaster Loan (EIDL) Advance. He applied for PPP at his local bank St. Johns Bank Trust and Company in St. Louis. It took three-weeks for his $86,000 PPP application to be approved and funded. His business was … -
California Businessman Pleads Guilty in Federal Court to Orchestrating $14 Million Covid-Relief Fraud
… for loans pursuant to the Paycheck Protection Program (“PPP”), which was created by the CARES Act to provide … for small businesses during the Covid-19 pandemic. A PPP loan allowed for the interest and principal to be … 2020 he submitted and caused the submission of at least 63 PPP loan applications for himself and his clients. The … -
Training on demand
… - March 12, 2024 for the 504 loan program (topics include PPP and EIDL, Size Standards update, and SOP 50 10 7.1 … -
Two People Sentenced for Stealing Nearly $300,000 in COVID-19 Relief Money
… One such program, the Paycheck Protection Program (PPP), provided government-backed funding to small businesses … other economic circumstances caused by the pandemic. The PPP and EIDL programs have provided billions of dollars in … at least $292,000 in CARES Act funding through the PPP and EIDL programs and submitted fraudulent applications … -
International Construction Expert Puts Down Entrepreneurial Roots in Omaha, Nebraska
… 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, … -
Celebrating Hispanic entrepreneurs’ growth, resilience
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READOUT: SBA Administrator Isabella Casillas Guzman visits Kansas City
… pandemic thanks to the SBA’s Paycheck Protection Program (PPP). Administrator Guzman traveled to 1889 Pizza Napoletana … Fund (RRF) award, and the Paycheck Protection Program (PPP). On Friday, October 14, 2022, the Administrator’s day … Kansas businesses. The El Centro corporation secured a PPP loan during the pandemic. Administrator Guzman and Sen. …