Learn which SBA loans qualify for forgiveness in 2025. Only PPP loans offer full forgiveness, while EIDL loans must be repaid ...

A new report details how small businesses that tapped the SBA's EIDL program during the pandemic are facing greater financial challenges than companies that didn't turn to the offering for support.

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...

The SBA's Inspector General has highlighted $200 billion in potential fraud as loan defaults rise in Covid-19 relief programs. The agency disagrees. Businesses have defaulted on hundreds of thousands ...

More than 1/3 of EIDL funds were squandered on potential fraud, says a report. The watchdog report released Tuesday that revealed how some $200 billion in COVID-19 aid was potentially misspent threw ...

Update: The Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act were signed into law in early ...

It seems that small-business owners who took out disaster loans from the U.S. Small Business Administration cut quite the deal as the Federal Reserve deploys historic measures to tame spiraling ...

The Small Business Administration (SBA) is giving entrepreneurs a 60-day goodwill grace period to pay back COVID-19 PPP and EIDL loans under $100,000. The Small Business Administration (SBA) is giving ...

Seven defendants, including three who had worked for JetBlue Airways, have pleaded guilty to stealing $1.5 million from a federal pandemic-relief program for small businesses, prosecutors said. The ...

A Louisiana man was sentenced to 10 years in prison for money laundering related to a fraudulent scheme involving Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Program ...

Adolphus Obioha told a federal judge he made an honest mistake when he applied for a pair of small-business loans totaling more than $426,000 during the height of the COVID-19 pandemic. In his loan ...