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 ...

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 ...

YAPP USA Automotive Systems has agreed to pay $14.2 million to settle allegations of falsely claiming eligibility for a PPP ...

Federal authorities have charged four Lafayette residents with PPP loan fraud, adding to a nationwide crackdown on COVID ...

A Cook County man was sentenced to prison earlier this month for scamming his way into more than $1.5 million in small ...

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 ...

Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...

A paper converter company in the Charlotte region has agreed to pay more than $460,000 for providing false information to get ...

The owner of Missouri-based Whiskey Dix Big Truck Repair was sentenced for PPP loan fraud, Clean Air Act violations and ...

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 ...