House Small Business Committee Advances PPP and EIDL Loan Fraud Bills
Two of the 7 bills advanced by the House’s Small Business Committee deal address fraud in the Paycheck Protection and Economic Impact Disaster Loan programs.Both...
Cobb man took $9.5M PPP loan for fictitious company
Instead of paying his non-existent employees, Torjagbo bought a house for nearly $1.7 million, a 2022 BMW M850XL for nearly $120,000, a 2021 Land Rover...
For many Minnesota businesses, PPP loans were saving grace
After years of brewing his own beer at home, Don Anderson, with the support of a childhood friend and his wife and daughter, took a...
Navigating PPP Loan Forgiveness Audits | Venable LLP
The Small Business Administration (SBA) is auditing Paycheck Protection Program (PPP) loan forgiveness applications for both First Draw and Second Draw PPP loans, including for...
Waxhaw restaurant owner, son found guilty in PPP loan fraud case
CHARLOTTE, N.C. (QUEEN CITY NEWS) – A man and his son were found guilty on multiple charges Thursday after authorities accused them of obtaining more...
Small businesses still face $28 billion of unforgiven PPP Loans
Almost 350,000 loans made to small businesses in 2020 during the COVID-19 pandemic haven’t been forgiven, according to a Bloomberg News analysis of Paycheck Protection...