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SBA loan forgiveness for PPP, EIDL and 7(a) loans

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

Former SBA and IRS Employee Charged with Embezzling $3.5 Million from COVID-19 Relief Funds

Former SBA and IRS employee Attallah Williams is charged with embezzling $3.5 million from COVID-19 relief funds.
The Business Journals

Lawmakers take aim at Covid small-business loan collections

Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid ...

What we know about claims of SBA fraud in Minnesota as agency suspends borrowers

The Minnesota Star Tribune has previously reported on pandemic-era fraudsters stealing from the Small Business Administration ...
JD Supra

CARES Act provides relief for small businesses through SBA loans and programs

The CARES Act has given funding and authority to the Small Business Administration (SBA) to help small business through three new programs: Paycheck Protection Loans, Economic Injury Disaster Loans, ...

SBA suspends thousands of pandemic-era loan borrowers approved by Minnesota over potential fraud

Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.