On April 24, the SBA announced that it has referred approximately 562,000 suspected fraudulent Paycheck Protection Program ...

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 ...

Explore how the SBA has identified 562,000 fraudulent loans and is working with the Treasury to recover $22 billion. Learn ...

The SBA has transmitted the borrowers to the DOJ. And with today’s referral, Treasury will begin collecting on the outstanding debt as part of the Trump Administration’s commitment to recouping stolen ...

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 ...

Record fraud referral: The SBA sent 562,000 suspected fraudulent PPP and EIDL loans, totaling $22.2 billion, to the Treasury for collection. Past oversight gaps: Nearly all loans had evaded prior ...

A man pleaded guilty to a PPP fraud scheme that netted him over $1 million in pandemic relief funds meant for small businesses, authorities said.

The checks may take weeks to get to everyone who is eligible. It took about two weeks for a nation of desperate small businesses to use up all of the approximately $350 billion in Paycheck Protection ...

The SBA says it referred 562,000 suspected fraudulent pandemic loans totaling over $22.2 billion to the Treasury, accusing the Biden era of ignoring fraud.

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 ...

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t ...

The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding. The company's CEO, Randy Garutti, and its founder ...