Banks are getting flooded with applications for a new federal government-backed loan program aimed at helping small businesses endure the Covid-19 pandemic. The $349 billion Paycheck Protection ...

Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected ...

SBA suspends 6,900 Minnesota borrowers over suspected $400 million fraud scheme involving PPP and disaster loans during COVID ...

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

Loeffler says the SBA suspended 6,900 borrowers in Minnesota, adding they were approved for 7,900 PPP and EIDL loans worth ...

The U.S. Small Business Administration was the lifeline for millions of companies during the COVID-19 pandemic, guaranteeing zero-interest loans and forgiving them if the money was used for payroll ...

We examine the longer-term effects of the Paycheck Protection Program (PPP) and the PPP Liquidity Facility (PPPLF) on small business (SME) lending using bank-level Call Report data. To identify a ...

The agency’s leader said a review over the past week flagged $400 million in loans to Minnesotans with “suspected fraudulent ...