The Senate approved a bill on March 25 extending the deadline for applying for a Paycheck Protection Program loan. The legislation gives business owners until May 31 to apply for the PPP ...

With some states reversing course on reopening as coronavirus infections surge, firms that passed on a PPP loan may want to give one a second look. The program has seen many changes since its ...

An IT solutions company called DynPro, Inc. will have to pay $2,178,254 to resolve a liability for a false Paycheck Protection Program (PPP) loan from the U.S. Small ...

Farooq Khan faces a possible sentence of more than four years in prison for defrauding the Paycheck Protection Program and Economic Injury Disaster Loan program.

Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...

The Small Business Administration approved more than $718 billion in Paycheck Protection Program loans, providing pandemic relief to millions of businesses throughout the US, according to a March ...

Under the PPP, small businesses could borrow up $10 million from private lenders without collateral, personal guarantees, or fees. These loans don't have to be repaid to the extent they're used to ...

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...

PPP loans were intended to help businesses keep employees on the payroll during the pandemic, however the feds say that Carroll didn't use the funding to pay dozens of employees who were out of ...

An Illinois couple is accused of fraudulently obtaining over $90,000 in PPP loans while receiving federal disability benefits and working for the U.S. Postal Service. Both allegedly claimed ...