What we know about claims DOGE found $312M in business loans to children
Elon Musk, the public face of the Department of Government Efficiency, posted a raised-eyebrow emoji in response to the DOGE ...
The Business Journals1mon
Big wave of Covid relief loans could be sent to debt collectors as lawmakers target program
The Complete Covid Collections Act would require the SBA to refer any loans made through the EIDL program that are eligible for collections to the Treasury Department, which would have the option ...
deBanked6d
$312M of COVID-era SBA Loans Went to Children-Owned Businesses?
According to the Department of Government Efficiency, the SBA funded 5,593 loans for $312M to businesses during 2020-2021 ...
The Business Journals6d
Pandemic-era SBA programs spark debate five years later
Some small businesses that did not qualify for forgiveness will have to carry their loans until they mature. But PPP fraud has loomed large. The SBA's EIDL program ramped up at the same time in ...
deBanked12d
Thousands of PPP & EIDL Loans Went to Business Owners Older Than 115 Years Old
SBA loans issued during the 2020-2021 covid era went to businesses where the owner was recorded as being older than 115 years ...
DOGE says $312M in loans were given to children during COVID pandemic
DOGE announced a further wave of contract terminations and said it has identified $312 million worth of loans issued to ...
SBA loan applications still open to Arkansas businesses affected by Memorial Day weekend storms
Small businesses and nonprofits in Arkansas affected by the Memorial Day weekend storms have one week until the application deadline for the Small Business Administration's (SBA) Economic Injury ...
LocalNews8.com3d
SBA relief still available to Idaho Small Businesses affected by the Teton Pass landslide
The U.S. Small Business Administration (SBA) is reminding eligible small businesses and nonprofit organizations in Idaho that ...
Charleston Business13d
SBA extends deadline to apply for Hurricane Helene-related damage loans
The SBA is extending the physical damage loan deadline for disaster declarations affected by the 2024 federal funding lapse.
U.S. News & World Report4y
How Can Small Businesses Get Disaster Funding?
PPP loans are forgivable when used to keep workers on payrolls, and SBA Economic Injury Disaster Loans offer up to $2 million to business owners affected by the pandemic. Initial PPP and EIDL ...
Inc28d
The SBA’s Loan Losses—and Job Losses—Are Rising. Higher Fees Are Likely
The Small Business Administration’s flagship 7(a) loan program reportedly showed losses of hundreds of millions last year, but any suggestion of its demise would be premature—even with the ...
Colorado Boulevard11d
SBA Disaster Loan Programs for Businesses and Homeowners
The City of Pasadena is urging local businesses, homeowners, and nonprofit organizations impacted by the recent Eaton ...