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 ...

The Paycheck Protection Program (PPP) and the PPP Liquidity Facility were launched early in the pandemic to help many small businesses survive. These programs encouraged banks to lend more extensively ...

Although the Paycheck Protection Program ended in 2021, PPP loan enforcement and litigation remain alive and well. Government and private actions during the past 12 months signal a continued focus on ...

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LOS ANGELES, CA / ACCESSWIRE / July 13, 2023 / The Employee Retention Credit (ERC) and the Paycheck Protection Program (PPP) are two benefits designed to help businesses impacted by the COVID-19 ...

Officials still cannot say exactly how many billions of dollars in Paycheck Protection Program loans fraudsters made off with in the past couple of years, but they know it is a lot. Reports and ...

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP).

PHOENIX & LOS ANGELES--(BUSINESS WIRE)--March 15, Congressman Ruben Gallego (D-AZ) sent a letter to the Small Business Administration (SBA) calling for vigilant oversight as $696 billion of the total ...

Defendants pleaded guilty to conspiracy. PPP loans were designed to help small businesses keep their workers on payroll during the Covid-19 pandemic. While loans were obtained from various lenders, ...