Isaac Osei Afoakwa, 55, currently oversees Grace Action Chapel International in Bismarck and unsuccessfully ran to be the city's mayor in 2018.

A number of fintechs emerged amid the COVID-19 pandemic as a flurry of Paycheck Protection Program loan applications inundated banks. Now, the government is alleging many of them facilitated or ...

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

Fourteen people were arrested on suspicion of engaging in a years-long scheme to fraudulently obtain more than $25 million in COVID-19 relief funds and small business loans.

According to court documents, Gordon received $107,074 in PPP loans and $165,700 in EIDL loans and advances. The admission came as a part of Gordon’s plea deal.

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans (EIDL) were a lifeline for small businesses. But now, some small businesses are having trouble paying them off.

The Business Journals reports the SBA approved around 3.9 million COVID EIDL loans totaling $378 billion before the program ended in May 2022. EIDL loans carry a 3.765% interest rate and a 30-year ...

U.S. halts collection on some past-due covid loans, sparking federal probes Since last April, the Small Business Administration has eased efforts to pursue some borrowers behind on their bills.

Loans issued through the SBA’s COVID-19 Economic Injury Disaster Loan (EIDL) program need to be repaid in full, though payments are deferred for the first two years.

As of 2025, loan forgiveness is only available for the SBA’s Paycheck Protection Program (PPP) loans. Other SBA loans, including Economic Injury Disaster Loans (EIDL) and 7 (a) loans, do not qualify ...