The Business Journals

The SBA sent thousands of PPP loans to collections. It didn’t always notify the businesses.

A newly issued report highlights the long tail the SBA has when it comes to dealing with the aftermath of programs that kept many businesses afloat during the pandemic. The Small Business ...
AOL

SBA suspends nearly 7,000 Minnesota borrowers over suspected $400M pandemic loan fraud

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud. SBA Administrator Kelly Loeffler ...
The Business Journals

KC business owner pleads guilty to wire fraud in $312,500 PPP loan

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A Kansas City business owner ...
WATE 6 On Your Side

Rockford business pays $2 million to settle federal COVID-era PPP loan case

KNOXVILLE, Tenn. (WATE) — A Rockford business has paid $2 million to the federal government to settle allegations that it wrongly applied for and received a Paycheck Protection Program (PPP) loan, ...