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.

How Economic Injury Disaster Loans Can Help Your Business May 26, 2022 — 05:33 pm EDT. ... Sign and return your closing documents to receive the loan funds. 4. Receive Loan Funds.

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?

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.

A Shelton man pleaded guilty to defrauding COVID-19 pandemic relief fund programs. Tony Sterlin Cantave, 45, fraudulently ...

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.

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 ...

As a result of this fraudulent application, Good Family received a $9,000 EIDL advance that did not need to be repaid and $14,500 in EIDL loan proceeds from SBA.