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 letter claims he took out a $20,000 SBA loan in 2021, and it was time to pay ... Supplemental Targeted Advances, and PPP loans. Many of these loans were forgiven if the borrower met specific ...

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 ...

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 ...

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 ...

Carroll and Reed also applied for loan forgiveness, falsely claiming they'd spent the PPP money on payroll and other allowed expenses. Carroll and Reed also later sought a second loan of over $1.6 ...