Borrowers who have received Economic Injury Disaster Loans are balking at what appears to be onerous provisions imposed on them. This is why it’s important to review and understand loan ...

Further, SBA presentations and a Standard Operating Procedure document from 2018 provide the following to enumerate the ineligible uses of EIDL loan money: EIDL proceeds may not be used for: 1.

SAN FRANCISCO, CA / ACCESSWIRE / May 2, 2022 / Economic Injury Disaster Loan (EIDL) ... What are the Required EIDL Loan Increase Documents for Increases on Loans Under $500,000 and up to $2,000,000?

SAN FRANCISCO, CA / ACCESSWIRE / May 2, 2022 / Economic Injury Disaster Loan (EIDL) increase requests will be accepted by the Small Business Administration (SBA) through the end of this week. The ...

Before most of those EIDL bills became due, however, the Small Business Administration enacted a policy in April 2022 to forgo some collection activities on past-due loans of $100,000 or less, The ...

The Justice Department has charged many business owners with fraud over their PPP and EIDL loans. Convictions relate to sports-car purchases, million-dollar homes, jewelry, and designer handbags ...

At the height of the coronavirus pandemic, Congress created the COVID-19 Economic Injury Disaster Loan program, known as EIDL, which provided low-interest loans to cash-starved companies.

The Small Business Administration's COVID-19 Economic Injury Disaster Loan (EIDL) program was set up in 2020 to help smaller employers and not-for-profit organizations stay afloat during the pandemic.

A Raleigh pastor is facing decades behind bars after pleading guilty to receiving more than $400,000 of fraudulent government-funded COVID-19 loans. According to the U.S. Department of Justice, 45 ...

According to court documents, between April 2020 and October 2020, Dawson submitted five fraudulent applications to obtain PPP loans, two of which were approved and funded for an undisclosed amount.

Of the over 4 million loans distributed by the EIDL program, over 3 million were below that threshold—and those loans total over $70 billion, according to the inspector general.