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 Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in or around March 2020 designed to provide emergency financial assistance to the millions of Americans who ...

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

Even if businesses have secured forgiveness for their PPP loans, the work still might not be done. Here's a costly mistake companies need to avoid to steer clear of increasing federal scrutiny.

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...

TAMPA, Fla. (WFLA) — Two Florida resort companies have settled with the U.S. Department of Justice and agreed to pay a $325,000 settlement after “knowingly providing false information in support of a ...

Mid Penn Bank filed breach of contract lawsuit against Prince Preferred Hotels Natchez's application for a Paycheck Protection Program (PPP) loan after the defendant allegedly failed to disclose that ...

A Cincinnati man has been charged with wire fraud as part of a scheme to fraudulently obtain a Covid relief loan, according to the U.S. Attorney for the Southern District of Ohio's office.According to ...