Additionally, the Small Business Administration has until June 30 to process the applications ... owners can make the most of PPP What you need to know about PPP loans This time around, PPP ...
It expands the eligible uses of PPP funds, simplifies the forgiveness process for loans of up to $150,000 and allocates $285 billion for a new round of PPP lending, including "second-draw" loans ...
The unsealed indictment alleges the pair submitted false and fraudulent PPP loan applications for themselves, earning thousands of dollars, and facilitated false and fraudulent PPP loan ...
When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...
And if you were approved for a PPP loan that you expect to arrive within ... We also considered additional perks, the application process and how easy it is to redeem points.
There were 5,322 lenders that engaged as part of the PPP initiative ... nonbank lenders that used service providers to help process loans had a higher likelihood of being fraudulent — with ...
Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...
STORY HIGHLIGHTS Wilson Alfredo Olivera Borda pleaded guilty to PPP fraud charges. Borda is alleged to have obtained loans using fake companies. He faces up to 30 years in prison and fines.
The founders of Blueacorn, a Scottsdale-based company that processed Paycheck Protection Program (PPP) loan applications during the pandemic, have been indicted. The indictment lists four criminal ...