On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

Here's what it means for businesses and for the agency. The story has been updated to show PPP borrowers received collections notices after the initial delay. The Small Business Administration saw ...

In response to a congressional report criticizing its handling of fraud in the massive Paycheck Protection Program, the Small Business Administration says it plans to investigate several prominent PPP ...

Many small businesses continue to face uncertainty over whether the Small Business Administration (SBA) will grant forgiveness of their Paycheck Protection Program (PPP) loans. Despite the vast ...

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...

Those who are asking judges to step in include a small New England college, a New Jersey car dealership and a Midwest chain of health clubs. It's no secret that nearly all the $800 billion in Paycheck ...

An internal system glitch at the Small Business Administration failed to notify some business owners that their past-due loans were headed towards collections. But internal glitches also blocked ...

The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.

House committee demands answers on alleged Minnesota pandemic fraud totaling up to $9 billion, targeting SBA relief programs ...

Defaulting on an SBA loan is serious; you can face bank levies, wage garnishment and foreclosure. But some cases allow ...