SBA Paycheck Protection Program Applications

Minnesota, SBA

SBA says it has suspended ‘6,900 Minnesota borrowers’ over suspected fraud

Small Business Administration (SBA) Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected fraudulent activity regarding pandemic-era lendi...

· 3h · on MSN

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

· 1d · on MSN

Small Business Administration suspends loans to thousands of Minnesota borrowers

· 1d

Trump administration freezes child care funding amid Minnesota fraud probe

The Trump administration has suspended child care funding nationwide as federal investigators probe alleged widespread fraud at Minnesota day care centers, prompting calls for Gov. Tim Walz to testify...

· 1d

Democrats accuse Trump of politicizing Minnesota fraud as more is uncovered program

· 1d

Small Business Admin. suspends thousands of Minnesota borrowers due to alleged fraud

Buffalo News

Small business aid program awash in applications

Banks are getting flooded with applications for a new federal government-backed loan program aimed at helping small businesses endure the Covid-19 pandemic. The $349 billion Paycheck Protection Program was launched last Friday. Banks indicated it was a ...

Forbes

FinTech Founder Pleads Guilty In Paycheck Protection Program Fraud Scheme

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A founder of the lender service provider Blueacorn has ...

Minnesota fraud investigation expands to COVID-era loans | TRENDING

The latest turn in a federal fraud investigation in Minnesota involves COVID-era loan programs through the Small Business Administration. The Trump administration is now focusing on Paycheck Protection Program loans offered at the height of the pandemic.

San Francisco Fed

Persistent Effects of the Paycheck Protection Program and the PPPLF on Small Business Lending

We examine the longer-term effects of the Paycheck Protection Program (PPP) and the PPP Liquidity Facility (PPPLF) on small business (SME) lending using bank-level Call Report data. To identify a causal impact, we instrument for PPP and PPPLF lending based ...