PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.

45-year-old Rena Barrett of Covington admitted to making false statements on loans worth more than $550,000. Barret worked for the Small Business Administration but resigned after her fraud was discovered, prosecutors said. Officials said Barrett ...

The SBA inspector general says "lowered guardrails" left the program vulnerable. At the dawn of the COVID-19 pandemic, when offices and restaurants began shuttering, the federal government scrambled to keep small businesses afloat -- ultimately spending ...

Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid Economic Injury Disaster Loan program to the Treasury ...