Two foreign-controlled companies have agreed to pay more than $1.7 million after federal officials said they weren’t eligible for the COVID relief loans they took. Setterstix Inc. and MAE-EITEL Inc.

The SBA's Inspector General has highlighted $200 billion in potential fraud as loan defaults rise in Covid-19 relief programs. The agency disagrees. Businesses have defaulted on hundreds of thousands ...

As COVID-19 shutdowns threatened businesses back in 2020, the U.S. government began issuing nearly $800 billion in potentially forgivable Paycheck Protection Program loans. The program was designed to ...

The pandemic’s Paycheck Protection Program offered relief to businesses. Here is what you should know about the loan ...

For business owners who received only partial forgiveness on their Paycheck Protection Program loans, consider this your stay of execution. On January 27, 2022, the Small Business Administration, the ...

When President Joe Biden announced his plan to slash student debt for millions of Americans on Wednesday, Republicans argued that the program would transfer money from blue-collar Americans to wealthy ...

Given the proliferation of adverse news articles and TV pundit segments about well-funded companies that have received federal, Small Business Administration (SBA) loans under the Paycheck Protection ...

Officials still cannot say exactly how many billions of dollars in Paycheck Protection Program loans fraudsters made off with in the past couple of years, but they know it is a lot. Reports and ...

The technology glitches were reminiscent of those that plagued the first phase. The federally backed emergency loan program to help hard-hit small businesses, reopened on Monday and -- once again -- ...

Fewer than 10% of all Paycheck Protection Program loans remain unforgiven, and the majority of those belong to one-person businesses — companies the program most intended to help. We've been talking ...