SBA Suspends 111,620 California Borrowers Suspected of Committing $8.6 Billion in Pandemic-Era Fraud

Today, following a visit to San Diego, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler announced that the agency has suspended 111,620 California borrowers amid suspected ...
The Business Journals

The SBA sent thousands of PPP loans to collections. It didn’t always notify the businesses.

A newly issued report highlights the long tail the SBA has when it comes to dealing with the aftermath of programs that kept many businesses afloat during the pandemic. The Small Business ...

Trump admin uncovers 'staggering' $8.6 billion in suspected California small business fraud

California pandemic loan fraud totals $8.6 billion as Small Business Administration suspends over 111,000 borrowers. Kelly ...
JD Supra

Approve First, Ask Questions Later: SBA Targets Planned Parenthood’s PPP Loans

As of May 2024, the U.S. Small Business Administration (SBA) had flagged nearly 38,000 already-forgiven Paycheck Protection Program (PPP) loans ...
Yahoo

Ex-Small Business Administration employee sentenced to 4.5 years for PPP fraud

A former Small Business Administration employee who learned the system from the inside and cashed in on pandemic loans for herself and others was sentenced Friday to over four years in prison for ...
The Business Journals

Pandemic-era SBA programs spark debate five years later

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The SBA allocated more than $1 ...
Miami Herald

Two women face prison for stealing more than 800K from pandemic loan program

Two Florida women face prison time for stealing more than $800,000 from pandemic loan program, including a former SBA employee. Getty Images As the coronavirus swept across the country, two South ...