Here's what it means for businesses and for the agency. The story has been updated to show PPP borrowers received collections notices after the initial delay. The Small Business Administration saw ...

Malaina Chapman, of Hialeah, was the first SBA employee charged with defrauding the agency’s pandemic loan programs.

The Dallas family admitted to conspiracy and wire fraud after creating fake businesses to receive federal relief funds.

The Small Business Administration failed to notify some business owners that past-due loans were hurdling towards collections. But as it turns out, those loans never made it to collections.

HIGHLIGHTS Types of loans:Business term loans, working capital loans and commercial real estate loansRates:Not disclosed. Terms:12 to 36 monthsMin. credit score:575 for working capital loans and ...

Inc. has agreed to pay $3.86 million to resolve allegations of fraudulently obtaining Paycheck Protection Program (PPP) loans ...

A number of fintechs emerged amid the COVID-19 pandemic as a flurry of Paycheck Protection Program loan applications inundated banks. Now, the government is alleging many of them facilitated or ...

Fox News was exclusively embedded with federal authorities during a multi-agency, early-morning Los Angeles-area sting that netted 14 suspects.

The 2022 UT Austin study identified more than 1.8 million PPP loans that showed signs of fraud, totaling $76 billion, or nearly 10% of the total money given out through the PPP program.

Stephanie Hockridge was convicted of conspiracy to commit wire fraud and acquitted of four counts of wire fraud, and faces a prison sentence of up to 20 years.

Matthew Lloyd Parker, 37, was sentenced to 24 months in prison followed by four years of supervised release and ordered to ...

The Small Business Administration saw months-long delays on sending written notices to ... The SBA confirmed recently it had forgiven about 10.5 million PPP loans worth $756 billion and had ...