Hoodline

Former SBA and IRS Employee Charged with Embezzling $3.5 Million from COVID-19 Relief Funds

Former SBA and IRS employee Attallah Williams is charged with embezzling $3.5 million from COVID-19 relief funds.

SBA suspends thousands of pandemic-era loan borrowers approved by Minnesota over potential fraud

Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.
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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 loans must be repaid in full.

What we know about claims of SBA fraud in Minnesota as agency suspends borrowers

The Minnesota Star Tribune has previously reported on pandemic-era fraudsters stealing from the Small Business Administration ...

Minnesota Suspends Thousands of Borrowers Over Suspected Fraud

The Small Business Administration (SBA) said on Thursday it had reviewed thousands of loans in the state, resulting in 6,900 borrowers being suspended with some to be referred to federal law ...
The Business Journals

Lawmakers take aim at Covid small-business loan collections

Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid ...
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SBA is stepping up one aspect of its Covid-era collections effort. Here's what it means for businesses.

The Small Business Administration plans to step up its efforts to report more small-business owners delinquent on Covid-era loans to credit bureaus. The effort, for which the SBA will add ...