Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.

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

Without naming individuals, the report listed more than 100 state employees who received more than $2.8 million in PPP loans.

SBA suspends 6,900 Minnesota borrowers over suspected $400 million fraud scheme involving PPP and disaster loans during COVID ...

A Norway man has been sentenced to two years in prison and ordered to pay $253,646 in restitution for filing fraudulent applications for loans from the federally funded Paycheck Protection Program.

An internal system glitch at the Small Business Administration failed to notify some business owners that their past-due loans were headed towards collections. But internal glitches also blocked ...

A former Merrill Lynch advisor has pleaded guilty to stealing more than $2.7 million dollars from investors and scamming the government’s pandemic program out of nearly $4.8 million. Jared Dean Eakes, ...

The YouTubers MrBeast and Jeffree Star and the esports company FaZe Clan received loans meant to help companies struggling in the pandemic.

Two family members have been sentenced to prison for their involvement in a scheme to defraud the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. According to the ...

James Frank Austin allegedly purchased a Bentley after receiving nearly $2 million in funds. Former Georgia State House candidate James Frank Austin Jr. was indicted by a federal grand jury for filing ...

NEW YORK, NY (IANS) – Two men have pleaded guilty to their role in a scheme to fraudulently obtain and launder millions of dollars in forgivable Paycheck Protection Program (PPP) loans that the Small ...

* SBA-SINCE LAUNCH OF PPP ON APRIL 3, SBA PROCESSED OVER 3.8 MILLION LOANS FOR MORE THAN HALF A TRILLION DOLLARS OF ECONOMIC SUPPORT IN LESS THAN A MONTH Source text for Eikon: ...