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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.…
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…
22 accused of stealing $ 11 million in business loans to buy luxury cars and jewelry
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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,…
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…