The PPP program bailed out the Georgia-based online lender, which went from furloughing employees in March 2020 to being an appealing takeover target in a matter of months thanks in part to the $7 ...

The Paycheck Protection Program (PPP) was intended to provide a fast influx of assistance to small businesses during the economic shock created by the COVID-19 pandemic. The speed with which loans ...

On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

The Federal Trade Commission has settled cases with two companies, Biz2Credit and Womply, accused of falsely promising fast processing of PPP loan applications. These are the largest damages amounts ...

In response to a congressional report criticizing its handling of fraud in the massive Paycheck Protection Program, the Small Business Administration says it plans to investigate several prominent PPP ...

Washington ― The U.S. Department of Justice says Michigan's largest teachers union and an affiliate will pay $225,887 to settle allegations that they violated the federal False Claims Act by applying ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

As COVID-19 shutdowns threatened businesses back in 2020, the U.S. government began issuing nearly $800 billion in potentially forgivable Paycheck Protection Program loans. The program was designed to ...

Construction company Engineered Structures Inc. agreed to settle a False Claims Act suit alleging fraud under the Paycheck ...

Interesting new data is out on the Paycheck Protection Program, or PPP for short. It gave potentially forgivable government loans to small businesses during COVID, and the data shows the vast majority ...

FARGO — It was the lowest hanging of all fruit. A Bismarck-based businessman was whining on social media about President Joe Biden's student loan forgiveness program. His argument was based on whether ...