Majority of Paycheck Protection Program loans have been …
Jan 9, 2023 · Called PPP for short, the program offered simple-to-get, potentially forgivable government loans to small businesses. Yet billions of dollars went to companies owned by wealthy celebrities ...
Small Business Administration Announces Further Action to Help PPP …
Jan 5, 2024 · WASHINGTON – The U.S. Small Business Administration (SBA) has announced expanded flexibility and accommodations for COVID EIDL and PPP borrowers to help bring them into compliance and avoid the repercussions of defaulting on a government loan.
Government has forgiven nearly $400 billion in Covid-relief PPP …
Jul 21, 2021 · WASHINGTON — The federal government has forgiven $394.6 billion in more than 4 million loans to businesses through the Paycheck Protection Program (PPP), according to new data published by a...
The perilous hunt for PPP fraud and the hot tip that wasn't - NPR
Sep 6, 2023 · Approximately 1200 families living in public housing have been identified through what the OIG calls "PPP loan analysis," but the outcomes of those cases haven't yet been reported.
'Biggest fraud in a generation': The looting of the Covid relief ...
Mar 28, 2022 · Experts now say that as much as 10 percent of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program was stolen.
Most PPP loans have been forgiven, despite signs of possible fraud - NPR
Oct 12, 2022 · As COVID-19 shutdowns threatened businesses back in 2020, the U.S. government began issuing nearly $800 billion in potentially forgivable Paycheck Protection Program loans. The program...
New portal will allow small businesses to apply directly for PPP …
Jul 28, 2021 · The Small Business Administration announced Wednesday that it's launching a new portal for small businesses to apply directly for Paycheck Protection Program loan forgiveness through the agency....
SBA Announces Opening of Paycheck Protection Program Direct …
Jul 28, 2021 · WASHINGTON – The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.
Biden announces changes to PPP loan program, with focus on ... - ABC News
Feb 22, 2021 · President Joe Biden announced changes to the Paycheck Protection Program (PPP) Monday afternoon, including a two-week window that only allows businesses with fewer than 20 employees to apply for ...
ESI sued for false claims on COVID-19 relief application
Oct 31, 2024 · The lawsuit said that six months after ESI received the PPP loan, it purchased a private jet. The jet was a 2012 Cessna 525C which typically cost anywhere from $8.4 to $9.6 million, according to Liberty Jet.. If ESI is found guilty, the lawsuit asks for three times “the damages the Government has sustained” plus a fine of between $10,781 and $23,607 for each violation of the False Claims Act.