The husband of former Rep. Cori Bush (D-Mo.) allegedly bilked taxpayers out of more than $20,000 in a COVID loan scheme 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 ...

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 ...

If you’re looking for loan forgiveness, it’s essential to know which programs still offer it and which do not. As of 2025, loan forgiveness is only available for the SBA’s Paycheck Protection Program ...

After much speculation about legislation to provide automatic PPP loan forgiveness for certain loans, the SBA recently acted on its own to give some relief to some borrowers, since an automatic ...

Parker, a licensed CPA in Michigan, recruited hundreds of small businesses in Pittsburgh and Detroit and falsified PPP loan applications. Court documents revealed that the Small Business ...

three counts of loan fraud and four counts of forgery. All the charges are felonies. Prosecutors say Newman fraudulently applied for two PPP loans by lying about owning a business. According to ...

Nearly a year later, in April of 2021, Merritts once again sought taxpayer money in the form of a PPP loan for “Cortney Merritts.” This time he claimed the business was created in 2020 and ...

The PPP was an emergency loan program created by the Coronavirus Aid, Relief and Economic Security (CARES) Act in March 2020 and expanded by the later American Rescue Plan Act (ARPA). The intent ...