Retiring Inspector General Deborah Witzburg reported the new round of fraud in what will be her final quarterly report. Her ...

The Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that were ...

Ricky Lee Taylor, a former University of Tennessee at Chattanooga basketball player turned pastor and businessman, has been ...

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

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 ...

They bought Lamborghinis, Ferraris and Bentleys. And Teslas, of course. Lots of Teslas. Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds ...

But the program, which tasked banks and other private lenders with processing applications, was beset by fraud from its earliest days in the spring of 2020, with some recent estimates suggesting that ...

As a key pandemic-aid program pushed money out faster to bigger companies and majority white areas than to small firms and communities of color, the U.S. Small Business Administration made repeated ...