PPP loans cost nearly double what Biden's student debt forgiveness would have. Here's how the programs compare. By Irina Ivanova, Aimee Picchi Edited By ...

The PPP data can be filtered for names, addresses, lenders, dollar amounts, and a few other details. It's just enough information to raise suspicions, but not enough to prove them.

The 2022 UT Austin study identified more than 1.8 million PPP loans that showed signs of fraud, totaling $76 billion, or nearly 10% of the total money given out through the PPP program.

For every job saved by PPP loans, the study found it cost taxpayers between $170,000 and $257,000. According to the study, 2 to 3 million jobs were saved by the relief program.

PPP fraud suspected of 5 more Cook County workers, including woman who used money to pay for daughter’s wedding, report says Interim Cook County Inspector General Steven Cyranoski says, over the ...

The bulk of the loan money handed out through the government’s $800 billion Paycheck Protection Program (PPP) didn’t go to workers—it helped business owners and shareholders.

If you apply for unemployment and the PPP program and receive a PPP loan, you must then withdraw from unemployment. “Just try to eliminate double-dipping,” Jennings said.

Generally, a borrower is eligible for a PPP2 loan if it previously received a First Draw PPP (PPP1) loan, will or has used the full amount of the loan only for authorized uses, has no more than ...