PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...

We examine the longer-term effects of the Paycheck Protection Program (PPP) and the PPP Liquidity Facility (PPPLF) on small business (SME) lending using bank-level Call Report data. To identify a ...

Banks are getting flooded with applications for a new federal government-backed loan program aimed at helping small businesses endure the Covid-19 pandemic. The $349 billion Paycheck Protection ...

Administrator Kelly Loeffler said Thursday night that her agency has suspended “6,900 Minnesota borrowers” over suspected ...

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). A ...

Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota ...

The U.S. Small Business Administration was the lifeline for millions of companies during the COVID-19 pandemic, guaranteeing zero-interest loans and forgiving them if the money was used for payroll ...

MINNEAPOLIS (FOX 9) - The U.S. Small Business Administration is suspending 6,900 Minnesota borrowers for suspected fraud ...

The U.S. Small Business Administration (SBA) is suspending almost 7,000 Minnesota borrowers over “suspected fraudulent activity” and blocking them from all other loan programs. The announcement was ...