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

NEW DOGE EFFORTS TO "ENCOURAGE" PPP LOAN PAYBACK NOW CONFRONT KANSAS CITY SMALL BIZ!!! A few local biz people are making some ...

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 ...

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 ...

As of 2025, loan forgiveness is only available for the SBA’s Paycheck Protection Program (PPP) loans. Other SBA loans, including Economic Injury Disaster Loans (EIDL) and 7(a) loans, do not qualify ...

The act also excludes Economic Injury Disaster Loan, or EIDL, advances from the PPP loan forgiveness calculation and allows PPP borrowers to choose their own covered period, ending at any point ...

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 ...

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 ...