With some states reversing course on reopening as coronavirus infections surge, firms that passed on a PPP loan may want to give one a second look. The program has seen many changes since its ...
Amanda Heller, Sarah Stokes and James Townsend are charged in federal court with defrauding the Paycheck Protection Program ...
YAPP USA Automotive Systems has agreed to pay $14.2 million to settle allegations of falsely claiming eligibility for a PPP ...
The Senate approved a bill on March 25 extending the deadline for applying for a Paycheck Protection Program loan. The legislation gives business owners until May 31 to apply for the PPP ...
A Cook County man was sentenced to prison earlier this month for scamming his way into more than $1.5 million in small ...
Four Louisiana Residents Arrested for PPP Fraud: How the Scam Worked and What It Means for Taxpayers
Federal authorities have charged four Lafayette residents with PPP loan fraud, adding to a nationwide crackdown on COVID ...
The owner of Missouri-based Whiskey Dix Big Truck Repair was sentenced for PPP loan fraud, Clean Air Act violations and ...
Quickly, PPP loans led to “unprecedented fraud levels,” according to the SBA inspector general. Applicants self-certified their small business status and income. The OEIG is investigating only ...
A paper converter company in the Charlotte region has agreed to pay more than $460,000 for providing false information to get ...
When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...
It expands the eligible uses of PPP funds, simplifies the forgiveness process for loans of up to $150,000 and allocates $285 billion for a new round of PPP lending, including "second-draw" loans ...
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