Many small business owners are being shut out by misguided requirements in the program, and scared away by how long it's taking to get the first round of PPP loans forgiven.
Dems are trying to pass the $1.9 trillion stimulus bill before certain benefits expire this month. The current package includes $1,400 relief checks and $400 a week in federal unemployment benefits.
Recent revisions made it possible for more businesses to get in on the federal Covid-relief program, but there is some key information to keep straight.
Sandi Adler, a former vice president at Starboard, claims she was fired after taking issue with CEO Andrew Levy's plans to "defraud the United States and the Small Business Association."
After months of calls for more transparency, information is made public about the nearly five million businesses that have benefited from the Paycheck Protection Program. Though questions will remain.
A recent watchdog report found "significant risk" for fraud in the PPP. We spoke to a risk-management expert who identified the scope of the problem, and how to zero in on the seasoned fraudsters.
The Lender Match tool is part of the SBA's efforts to fund minority, rural and other underserved small businesses owners before the PPP ends on June 30.
The federal government has sought to relieve the burden placed upon the economy with the CARES Act, but business owners should keep careful records of how they use relief funds.
The Small Business Administration is giving additional PPP funds to Community Financial Development Institutions, which lend to small businesses in underserved communities.
There is now improved guidance on calculation methods, definitions of forgivable expenses and the documents that must be submitted with the forgiveness request.