SBA Suspends 2 Companies, Launches Investigation Into PPP Loan Lenders
SBA recently issued a statement regarding the findings from the House Select Subcommittee on the Coronavirus Crisis report on PPP fraud.
EIDL Loan
DOJ Creates Strike Force Teams to Investigate PPP Loan, EIDL Loan Fraud
The Department of Justice recently announced three new Strike Force teams to combat and prevent fraud associated with Covid-19 relief funds.
SBA Has Awarded $5 Million in EIDL Loans to Texas Businesses After March Tornadoes
SBA approved more than $5 million in federal disaster loans for Texas businesses and residents impacted by severe storms.
President Biden Signs Laws Aimed at Cracking Down on EIDL and PPP Loan Fraud
President Biden on Friday signed into law two bills aimed to boost the Justice Department’s abilities on cracking down COVID relief fraud.
Small Businesses Affected by Deadly Flooding in Kentucky Can Get $2 Million in Disaster Loans
SBA has announced that low-interest disaster loans will be available to businesses and residents affected by deadly flooding in Kentucky.
Deadline to Apply for EIDL Loans Due to Texas Drought Nears
SBA has sent out a reminder that the deadline to apply for EIDL for small non-farm businesses in eight Texas counties is approaching.
Deadline Nearing to Apply for EIDL Loans Due to California Cache Fire
SBA has announced that small businesses affected by the Cache Fire in Lake County, have until August 17, 2022, to apply for EIDL Loan.
Senators Urge SBA to Process EIDL Loan Applications
A letter from the US Senate Committee on Small Business and Entrepreneurship has been sent to SBA urging them to process seemingly abandoned disaster loan applications.
House Oversight Committee Discusses Importance of EIDL Loans for Small Business
Senate Committee Chair, Ben Cardin, spoke of scale of support the EIDL program has provided to small businesses during the past two years
Baltimore Man Indicted on Charges He Faked PPP Loan and EIDL Loan Application
A man from Baltimore is facing federal charges for allegedly submitting fraudulent relief loan applications and stealing the identity of a tax preparer.
Small Businesses in California Affected by 2021 Oil Spill Face Important Deadline
Small businesses in California have been recently reminded of the July 27, 2022, deadline to apply for an SBA federal disaster loan.
EIDL Loans Available to Small Businesses in 6 States Due to Drought
SBA has announced another round of Economic Injury Disaster Loan (EIDL) is available to small businesses in six states affected by drought.
