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SBA - Page: 2
If your business accepted government-backed stimulus funds in error, you have until May 18 to make good.
It has reportedly been ignoring Freedom of Information Act requests from the 'New York Times' and others.
PPP Loan Developments: Only $120 Billion Left, Favorable Forgiveness Guidance from SBA and IRS Tax Pitfall
Round 2 of small-business funding is winding down, and business owners are now facing tough decisions.
Here is some clarity for frustrated sole proprietors across America.
A Leaked Powerpoint Suggests the SBA Is Denying Disaster Loans to Anyone Arrested in the Last 10 Years
Despite broad bipartisan support for stimulus loans reaching small-business owners with criminal records, Steven Mnuchin and the SBA are reportedly excluding more rehabilitated entrepreneurs than they've ever admitted before.
The $4.4 billion basketball team is giving back its $4.6 million loan, but they aren't the only non-public business to backpedal.
The new round will go even quicker, so those who missed out must choose the right bank and move immediately.
So far, in the scramble to disperse SBA relief loans, big banks have passed over the most vulnerable businesses in favor of bigger "small" businesses. But Congress's latest stimulus package gives $60 billion in PPP to key community lenders.
Danny Meyer chain gives back SBA PPP loan after being criticized for taking money meant for struggling small businesses.
The public has spoken, and the results range from frustration to relief.