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May 13, 2024 · The PPP is administered by the SBA. The CARES Act authorized private lenders to approve PPP loans for eligible borrowers who could later seek forgiveness of the loans so long as they used loan funds on employee payroll and other eligible expenses.
May 24, 2024 · Under the December law, small businesses that employ 300 or fewer people and that experienced a 25 percent or greater gross revenue loss between comparable periods in 2019 and 2020 due to COVID-19 are eligible to apply for a second forgivable PPP loan.
2 days ago · Anderson allegedly submitted a Paycheck Protection Program (PPP) loan application for Thelma Lou Feb. 4, 2021, that misrepresented the company’s payroll and gross sales information,...
May 27, 2024 · The Paycheck Protection Program (PPP) represents the largest small business relief effort in our nation’s history. We were pleased to have passed into law the Paycheck Protection Program Flexibility Act, which builds upon and improves this vital program.
May 14, 2024 · Bankrupt small-business lender Kabbage will pay up to $120 million over allegations it committed Paycheck Protection Program fraud, the Justice Department said Monday.
- Caitlin Mullen
May 13, 2024 · BOSTON – Bankrupt lender Kabbage, Inc. d/b/a KServicing, has agreed to resolve allegations that it knowingly submitted thousands of false claims for loan forgiveness, loan guarantees, and processing fees to the U.S. Small Business Administration (SBA) as part of the Paycheck Protection Program (PPP), in violation of the False Claims Act (FCA).
May 22, 2024 · As Paycheck Protection Program (PPP) applications are slated to start on April 3, K·Coe Isom advisors have been getting many questions and requests for guidance. We’d like to clear the air, and provide some important considerations – for the benefit of businesses. Important Loan Forgiveness Update.
