The bank fired a manager for originating suspicious loans but later asked the SBA to forgive them, prosecutors say. The case ...
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SBA loan forgiveness for PPP, EIDL and 7(a) loans
PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...
Update: This article was updated on July 27 at 8:34 p.m. eastern to include the SBA’s latest timeline for publishing details on its new forgiveness portal. The Small Business Administration is ...
An added benefit of the program allows businesses to receive forgiveness for any part of PPP loan indebtedness used to pay payroll costs, mortgage interest, rent, and utilities. As originally written, ...
The COVID-19 pandemic has hit U.S. small businesses very hard. In March, Congress created the Paycheck Protection Program as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to ...
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