Search
-
-
Head of the SBA Visits Small Businesses in Dallas, Texas And highlights the Role of Small Businesses in a Recovering Economy
… Eno’s Pizza Tavern received a Paycheck Protection Program (PPP) Loan which was a lifeline to keeping Eno’s Pizza Tavern … visit to Dallas, Administrator Carranza visited another PPP loan recipient. On-Target Supplies & Logistics employs … to be able to come to Dallas and see firsthand that the PPP is meeting its mission to keep employees on the payroll,” … -
SBA Achieves Historic Small Business Lending for Fiscal Year 2020
… by the Agency: In FY20, the Paycheck Protection Program (PPP) provided an additional 5.2 million loans worth more than … Administrator Jovita Carranza said. Highlights from the PPP include: 27% of the PPP loan dollars were made in low-and moderate-income … -
SBA Administrator Issues Statement on the Closure of Paycheck Protection Program
… on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided … from small business owners across the country about how PPP funds helped them keep the lights on, pay their employees … to begin to rectify these inequities -- in 2021, 96% of PPP loans went to small businesses with fewer than 20 … -
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 … -
SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program
… and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection … convictions. To implement the PPPFA, SBA revised its first PPP interim final rule, which was posted on April 2, 2020. … relating to loan maturity, deferral of loan payments, and forgiveness provisions. In addition, as an exercise of SBA’s … -
Public Servants Sentenced for COVID-19 Relief Fraud
-
Preventing fraud and identity theft
… and fraud response All lenders who originate loans in PPP have an obligation to mitigate fraud, waste, and abuse in … programs or activities also to the following mailboxes: PPP fraud referrals ( PPPFraudReferrals@sba.gov ) ID theft … ) Asset Seizures and Forfeiture Notices ( PPP.ACH.Inquiries@sba.gov ) Request SBA review an outstanding … -
Supporting Entrepreneurs & Workers with Disabilities
… the pandemic, we launched the Paycheck Protection Program (PPP), and it has been one of the most successful disaster … response efforts in history. Alex received a forgivable PPP loan to help keep her school open and her 75 staff on payroll. “If we didn’t get the PPP and I had to lay off or furlough my staff or not provide … -
Celebrating Hispanic entrepreneurs’ growth, resilience
… entrepreneurs. Between the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program, we have … in underserved communities could access the forgivable PPP loans. As a result, nearly 70 percent of all PPP loans went to firms with fewer than 10 employees – an … -
Joint Statement by Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Review Procedure for Paycheck Protection Program Loans
… statement today on the Paycheck Protection Program (PPP): “The Paycheck Protection Program is providing critical … that have appropriately reevaluated their need for PPP loans and promptly repaid loan funds in response to SBA … following the lender’s submission of the borrower’s loan forgiveness application. Regulatory guidance implementing … -
Management Alert Paycheck Protection Program Loan Recipients on the Department of Treasury’s Do Not Pay List
… Treasury’s analysis showed approximately $3.6 billion in PPP loans to potentially ineligible recipients. Expedited … of improper payments to lenders for amounts ineligible for forgiveness as well as any fees. OIG communicated summary … establish more effective oversight controls related to the PPP, we recommended the agency promptly identify PPP loans … -
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 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 … -
Small Businesses Are Driving the Trump Recovery
… in American history – the Paycheck Protection Program (PPP). In just over four months, the program approved more … with capital. As a result, nearly 70 percent of all PPP loans went to small businesses with fewer than 10 … the average minority-owned firm has eight employees. PPP loans helped keep more than five million small businesses … -
Lincoln Business Owner Uses Paycheck Protection Program Loan to Provide for his Employee Family
… him about the newly created Paycheck Protection Program (PPP) from the U. S. Small Business Administration . This … to keep their workers on the payroll. Mike received a $2M PPP loan through Union bank that covered his payroll costs … and thinking holy smokes, how can SBA possibly handle the PPP? It's going to be months. We're going to be out of … -
One Year Later: Biden-Harris Administration, SBA Have Prioritized an Equitable Recovery, Centered on Strengthening Main Street and Supply Chains
… businesses). And the SBA is delivering on its promise of forgiveness as nearly 1.7 million small businesses with PPP loans of less than $150,000 have received relief through … and Supplemental Advance programs, while 22 percent of PPP loans went to those in rural areas. Elevating Critical … -
Coed Sportswear Pivot to New Opportunities with the Help of the NH SBA
… on the SBA’s new program, the Paycheck Protection Program (PPP) that was created with the passing of the Cares Act. Phil … their proceeds as well as helping them understand the PPP program and how it could help navigate the challenges … of the funds, and how to ultimately receive and apply for forgiveness. That relationship along with our longstanding … -
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 …