A newly issued report highlights the long tail the SBA has when it comes to dealing with the aftermath of programs that kept many businesses afloat during the pandemic. The Small Business ...
As of May 2024, the U.S. Small Business Administration (SBA) had flagged nearly 38,000 already-forgiven Paycheck Protection Program (PPP) loans that it suspected borrowers were ineligible for. The SBA ...
BATTLE CREEK, MI — A Michigan company received COVID funding it was ineligible to get because of its size, according to federal prosecutors, resulting in an investigation and a hefty payment to ...
Update: Eleventh-hour guidance was issued by the SBA extending the safe-harbor deadline for returning loans in excess of $2 million to May 18, while granting good faith to borrowers whose loans ...
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