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$10.5 billion in Paycheck Protection Program loans have been issued to 84,000 Long Island businesses…
MMore than 84,000 Long Island businesses and nonprofits have received a total of $10.5 billion in loans through the federal government's flagship pandemic initiative, the Paycheck Protection Program, according to a Newsday analysis of the…
Loans, trading to support BofA’s (BAC) Q1 earnings, IB to hurt
After witnessing the gradual normalization of trading activity over the past few quarters, trading revenue is expected to have surprisingly rebounded for Bank of America BAC in the first quarter of 2022. So trading revenue could provide…
Second Circuit Separation Resolved: No PPP Loans for Bankrupt Debtors | Kelley Drye & Warren…
In March, the United States Court of Appeals for the Second Circuit joined a growing majority of courts with Springfield Hospital, Inc. v. United States SBA Administratorbelieving that, however lenient its terms, a CARES Act Paycheck…
How do you identify your loans?
I know a guy in Billerica who, like most people, got tired of making the monthly mortgage payments on his house for decades.
But last week he emailed me some really good news, which might make his life easier.
“My home loan decided to…
34 Paycheck Protection Program Loans Awarded April 2021 to Small Businesses in ZIP Code 80517…
The Paycheck Protection Program (PPP) was an SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.
PPP has provided loans to small businesses affected by the COVID-19 pandemic. Businesses with…
Man accused of lying about PPP loans and advising others to do so
SALT LAKE CITY (ABC4) – Timothy Gibson, a Utah resident and dual operator of Creative Investment Group LLC and Polaris Investment Group LLC, faces three charges after he allegedly lied about PPP loans and advised his clients to do…
Baltimore man admits fraudulently obtaining Cares Act Paycheck Protection Plan loans while on…
Baltimore, Maryland – Keon Ball, 45, of Baltimore, Maryland, pleaded guilty today to conspiracy to wire fraud and aggravated identity theft in connection with multiple identity theft schemes and fraud schemes, including schemes carried out…
CBN lends N29b to 31 firms for productivity and forex
The CBN lends them N29b under its 100 per 100 PPP
By Jeph Ajobaju, Editor-in-Chief
A total of 31 companies have received N29 billion loans from the Central Bank of Nigeria (CBN) under its 100 Per Cent Policy on Production and Productivity…
Hitman counts wads of cash woman paid him using fraudulent PPP loans to kill single mother:…
"Another day at the office."
This is the chilling moment a hitman counted the $10,000 he had just been paid to murder a single mother, Florida prosecutors say.
Javon Carter is accused of shooting!--/#cb-cbb4f3cc4b047697077fa6681cf66691-->!--/#cb-7897290b843e7b30c55d42517ba322e2-->!--/#cb-c6174cc924fc17aa5af598051c31c53f-->…
California man found guilty of using $27m in PPP loans for personal gain, including renting…
(Gray News) - A California man was convicted on Monday of multiple financial fraud charges, including using fraudulently obtained PPP loans to rent a beachfront property in Santa Monica, according to the Justice Department.According to a…
California man found guilty of using $27 million in PPP loans for personal gain, including renting…
(Gray News) - A California man was convicted on Monday of multiple financial fraud charges, including using fraudulently obtained PPP loans to rent a beachfront property in Santa Monica, according to the Justice Department.According to a…
BayFirst Financial: Advice for small businesses looking for loans in the face of inflation
Tips for Small Businesses Looking for Loans in the Face of Inflation
March 28, 2022
As inflation extends its grip on America's small businesses with no end in sight,…
BLT Steak files for bankruptcy after failing to repay PPP loans
BLT Restaurant Group — the parent company of New York-based BLT Steak and BLT Prime — filed for bankruptcy in New York's Southern District Court on Monday after 40% of the company's Paycheck…
Burdened by PPP loans, BLT Steak owner files for bankruptcy
Photography: ShutterstockBLT Restaurant Group was quick to apply for a Paycheck Protection Program (PPP) loan in April 2020, filing its application as soon as assistance became available as its steakhouses suffered early in the pandemic.…
What Minority Business Owners Need to Know About Getting Bank Loans
As high street businesses continue to make a comeback post-pandemic, they face the triple threat of supply chain headwinds, labor constraints and historic inflation. For some, borrowing to invest, grow or simply stay afloat is a…
Since Draya Michele has questions for ‘scammers’ on SBA loans – here’s a…
If you're caught committing fraud on your PPP loan, you better get used to three hots and a cot — and not have your freedom for a long time.
“P3 funds can be used for four purposes: payroll, mortgage interest, rent/lease, and utilities.…
NJ man who got $1.6 million in fraudulent COVID business loans heads to federal prison
A 32-year-old New Jersey man is heading to federal prison after fraudulently obtaining about $1.6 million in coronavirus-loans linked to the start of the pandemic.Jordan C. Larkins, of Edison, pleaded guilty on Wednesday to one count of…
Too Many Businesses Received PPP Loans They Didn’t Need | Letters to the Editor
Too Many Businesses Received PPP Loans They Didn't NeedAfter viewing the…
PPP loans aren’t reported as taxable income, experts say
The claim: PPP loans must be reported on tax returnsIt's tax season, and thanks to the COVID-19 pandemic, thousands of businesses have a new type of loan to consider when filing.the Paycheck Protection Program, a cornerstone of the CARES…
Have $800 Billion PPP Loans Really Helped Small Businesses? – NBC 5 Dallas-Fort Worth
President Donald Trump rolled out the Paycheck Protection Program to catapult the US economy into a rapid recovery from the coronavirus pandemic by helping small businesses stay open and their employees working. President…
Have PPP Loans Really Helped Businesses During COVID?
An external study suggests that the program was costly per job saved and that business owners primarily benefited and were already able to weather the pandemic.
WASHINGTON — President Donald Trump rolled out the…
Greenwich doctor spent PPP loans on country club and vineyard after being charged in $3.6million…
A Greenwich eye doctor has been sentenced to eight years in federal prison, after prosecutors say he falsely billed patients for more intensive and expensive procedures than he actually performed, earning at least $3.6 million dollars, and…
Which Wichita County businesses got PPP loans and still owe money?
Savings tips: A rule to make your savings growThis budgeting rule will help increase your savings account.Problem Solved, USA TODAYIn the Wichita Falls area, like the rest of the country, Paycheck Protection Program (PPP) loans have saved…
Eligibility, timing in question for PPP loans; $1.2 million went to Pennsylvania unions |…
(The Center Square) - The federal payment protection program established in 2020 to help small businesses…
Man pleads guilty to stealing more than $2 million from PPP loans
Officials say the man used the money to buy a yacht, a townhouse in northeast DC and a luxury sports sedan.
WASHINGTON — A 43-year-old DC man has pleaded guilty to fraudulently obtaining more than $2 million in federal…
Local businesses kept afloat with PPP loans – Royal Examiner
Seeking higher staff increases and more time to consider the proposed budget for the 2022-2023 fiscal year for Warren County Public Schools (WCPS), members of the Warren County School Board voted on Wednesday, March 2 to file…
SBA EIDL disaster loans estimated at $115 billion still available
SAN FRANCISCO, CA/ACCESSWIRE/February 27, 2022/ The United States Small Business Administration (SBA) Economic Disaster Loan Program (EIDL) continues to process and approve COVID EIDL small business loans in 2022.…
Magyar Bank distributes $100 million in PPP loans
Since the start of the pandemic, Magyar Bank, with funds from the federal Paycheck Protection Program (PPP) administered by the Small Business Administration, has helped many local businesses stay open.“PPP has truly been a boon to many of…
Oakland woman who spent PPP loans on Louis Vuitton bags and private jets gets three years in federal…
A 32-year-old Oakland woman who was arrested and charged last year in connection with a scheme to defraud the federal government out of $4.5 million in pandemic relief funds has just been sentenced to three years in prison and will have to…
Black Leaders Detroit Launches Interest-Free Business Loans and One Month Grants to Local Nonprofits
Since our beginnings in 2019, Black Leaders Detroit has worked to introduce real capital for Black-owned businesses and nonprofits to the city. There are systemic barriers that persist for Black entrepreneurs, even long-time business…
Small businesses still face $28 billion in unforgiven PPP loans
According to a Bloomberg News analysis of Paycheck Protection Program data, nearly 350,000 loans issued to small businesses in 2020 during the COVID-19 pandemic were unforgiven, and most of them are less than $25,000.This lingering debt -…
Woman accused of fraudulently raising over $800,000 through PPP and SBA loans
A woman has been accused of fraudulently raising more than $800,000 through the Small Business Association's Paycheck Protection Program and loans. Patricia Ann Gilroy was charged with wire fraud in federal court in Colorado on Wednesday.…
Car loans, tightening labor market, etc.
What are the latest thoughts on fiscal and monetary policy? The Hutchins Roundup keeps you up to date with the latest research, charts and speeches. Want to receive the Hutchins Roundup by email? Sign up here to get it in your…
NCP Opposes Loans to PMC Cancer Hospital and Waterfront Development Project
PUNE Nationalist Congress Party (NCP) on Wednesday opposed plans by the Pune Municipal Corporation (PMC) to strike loan deals for a planned cancer hospital and the riverfront development project
PUNE The Nationalist Congress Party (NCP) on…
Banks with advanced technologies granted more PPP loans
For banks, especially smaller community banks, the key to weathering economic turmoil may lie in technology.
The Federal Deposit Insurance Corporation (FDIC) said in a report titled “Banking technology and the COVID-19 pandemicthat "the…
Company accused of receiving multiple PPP loans settles lawsuit
ARLINGTON, VA – An Arlington business agreed in federal court on Friday to pay approximately $31,000 in damages and civil penalties to settle allegations that it violated the False Claims Act and obtained more than one Paycheck Protection…
Man who applied for fraudulent relief loans gets probation | Where is
PROVIDENCE, RI (AP) — A Rhode Island man who, along with an accomplice, fraudulently applied for hundreds of…
FDIC researchers say tech-savvy banks outperformed on PPP loans
Banks that operate more like fintechs are outperforming more traditional competitors on certain financial products, researchers from the Federal Deposit Insurance Corp have found. The study used a new measure of technology adoption in…
Report claims unions circumvented rules to receive PPP loans | national news
(The Center Square) – The Paycheck Protection Program administered by the Small Business Administration has…
Economic stability does not come from IMF loans: Sherry
ISLAMABAD: PPP Senate House Leader Sherry Rehman says economic stability does not come from IMF loans.
Commenting on the finalization of the IMF loan, she said that previous governments had also taken loans from the IMF, but the IMF…
FBI charges $1.2m Central Florida couple with bogus PPP loans
A Florida couple are accused of obtaining at least a dozen fraudulent loans worth more than $1.2 million to manipulate a government program to help small businesses during the pandemic, according to new court documents .
Pretending to be…
COVID relief loans not enough to save Country Cupboard | News
Despite receiving nearly $2.7 million in COVID relief loans to cover…
North Plainfield man defrauded $860,000 in COVID relief loans, feds say
A Somerset County man was arrested on Thursday for allegedly fraudulently obtaining more than $860,000 under the federal Paycheck Protection Program (PPP) and Economic Disaster Loan Payments (EIDL), a announced US Attorney Philip R.…
Utah County man steals nearly $500,000 in PPP loans
SALT LAKE CITY (ABC4) — A Utah County man has been sentenced to prison for his connection to fraudulent representations he made to obtain a loan under the Paycheck Protection Program ( PPP).
Michael Leroi Douros, 66, of Lehi,…
Americans to Europe with 18 month loans
A new year continued the same trend of young Americans taking the much-vaunted leap to Europe.While we've seen plenty of the 'usual' deals this January window, standard transfers like the record transfer of Ricardo Pepi to FC Augsburg and…
Majority of PPP loans went to business owners and high-income households
$510 billion in loans were issued through the Payroll Protection Program in 2020.
Business owners and stakeholders have been the main beneficiaries of these…
IB, lending and stock trading to support BofA (BAC) Q4 earnings
After witnessing robust client activity and market volatility in recent quarters, market normalization and lower volatility (compared to prior year period) in Q4 2021 should have mitigated Bank of Americato some extent the commercial…
Woman pleads guilty to Bilking bank over $ 500,000 in PPP loans
TAMPA, FL - A 52-year-old woman in Temple Terrace has pleaded guilty to submitting false information to secure more than half a million dollars in federal small business loans for business owners affected by the coronavirus. Bridgitte Keim…
SBA forgave 80% of PPP loans
The Small Business Administration announced that it has canceled 80% of the $ 791 billion in Paycheck Protection Program loans it began…
Second-round PPP loans in Shenango Valley total $ 128.8 million – Business Journal Daily
YOUNGSTOWN, Ohio - Business entities in the Shenango Valley have received $ 128.84 million in the second round of the Paycheck Protection Program.
According to data released by the Small Business Administration, 2,044…
‘Unprecedented’ fraud has penetrated COVID-19 small business loan rollout, watchdog…
On the cusp of the COVID-19 pandemic, when offices and restaurants began to close, the federal government worked to keep small businesses afloat - ultimately spending more than $ 1 trillion to help protect the American dream of millions of…
SBA calls for prompt cancellation of PPP loans
Starting this week, borrowers who have received a Paycheck Protection Program loan of $ 150,000 or less will be able to request a rebate through an online portal set up by the US Small Business Administration.
The…
SBA streamlines forgiveness process for most PPP loans
The US Small Business Administration (SBA) on Wednesday released new guidelines designed to simplify and speed up the forgiveness process for businesses and nonprofits with Paycheck Protection Program (PPP) loans of $ 150,000 or less.…
22 accused of stealing $ 11 million in business loans to buy luxury cars and jewelry
Top line
The US Department of Justice announcement On Thursday, he indicted a total of 22 people over a scheme in which they set up more than a dozen bogus companies to seek and steal $ 11.1 million from the Payment Protection Program,…
Find out which Saginaw County companies received the biggest PPP loans
SAGINAW, MI - The federal Paycheck Protection Program, instituted in 2020 to help keep small businesses afloat during the COVID-19 pandemic, has paid Michigan more than $ 24 billion on approximately 300,000 loans.Just under $ 414 million of…
SBA to honor PPP loan guarantee
The ASB recently published its Notice of procedure on when a lender can ask the SBA to honor its collateral for a PPP loan. The P3 Loan Program has been in place for over a year and has provided billions of dollars in…
Cake Boss’s Buddy Valastro Takes Over $ 2.3 Million In PPP Loans For His Bakeries During…
CAKE Boss star Buddy Valastro took more than $ 2.3 million in PPP loans for his bakeries during the pandemic despite an estimated net worth of $ 10 million.
The Sun can exclusively reveal that Buddy, 44, took out 17 PPP loans, which is a…
SBA drops review of PPP loans of $ 2 million and over
Applying for the Paycheck Protection Program loan forgiveness is about to get easier for large borrowers.After months of requiring financial documentation proving the need for borrowers with PPP loans of $ 2 million or more, the Small…
Should the stars of the “Bachelor” have received PPP loans?
In one Instagram post As of Monday which has since been deleted, Mr Underwood distanced himself from the reality show and explained why he got the loan.Lauren Burnham and Arie Luyendyk Jr., a couple who met on the show and got married, were…
How two start-ups made their fortune in fees on PPP loans
Also at the end of February, Blueacorn and Womply received an unexpected tailwind following a major rule change from the Small Business Administration, which oversaw the loan program. Concerned that women and minority-run businesses were…
Craven County businesses approved for over $ 138 million in P3 loans
Craven County businesses have been approved for more than $ 138 million in loans from the Paycheck Protection Program, the federal program backed by the Small Business Association designed to help businesses keep their workforce employed…
Find out who received PPP loans
Biden visits hardware store to promote PPP loansPresident Joe Biden stopped by the oldest hardware store in Washington, DC on Tuesday, which received a loan from the Paycheck Protection Program after the administration's two-week rule…
An online lender has given hundreds of PPP loans to bogus farms. Now Congress is investigating.
A House committee has launched a formal investigation into how several online lenders may have facilitated fraudulent Paycheck Protection Program loans, following a report by ProPublica and other media.
The Special House Subcommittee on the…