Xinxin Foot Spa in Penfield, for example, got $2,500 in a PPP loan. Penfield Presbyterian Church got $66,165. A company ...
The government has also reportedly generated a list of people who should be arrested for PPP loan fraud. It’s not looking ...
The SBA also maintains a list of participating PPP lenders by state. You will need to verify loan availability and that you meet eligibility requirements. Qualified businesses and nonprofits can ...
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 ...
The Federal Caronavirus Aid, Relief, and Economic Security, or CARES Act, allocated $350 billion to the U.S. Small Business ...
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 ...
while egregious abuse of federal small business loans – often referred to... Here’s What You Need to Remember: One of the reasons that PPP fraud has been featured so prominently in the news ...
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 ...
The couple took out loans for themselves ... "I think it was 57,000 applications in PPP were for applicants who were on the Do Not Pay list, involving several billions of dollars," said Inspector ...
Attorney General Chris Carr announced today that 21 individuals in Mitchell County have been indicted for allegedly fraudulently obtaining loans through the Paycheck Protection Program (PPP).