PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...

SBA suspends 6,900 Minnesota borrowers over suspected $400 million fraud scheme involving PPP and disaster loans during COVID ...

Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected ...

Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.

Feb 26, 2025, 8:07am EST Updated: Feb 26, 2025, 8:27am EST Haiyun Jiang/The New York Times Small Business Administration Administrator Kelly Loeffler this week issued a memo detailing planned changes ...

The Small Business Administration (SBA) is freezing loan payments to nearly 7,000 Minnesota borrowers over suspected fraud.

Loeffler says the SBA suspended 6,900 borrowers in Minnesota, adding they were approved for 7,900 PPP and EIDL loans worth ...

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in or around March 2020 designed to provide emergency financial assistance to the millions of Americans who ...

Explore the current interest rates for SBA-backed financing.

ST. PAUL (KFGO-CBS) — Thousands of pandemic-era loans in Minnesota have been suspended for suspected fraud, U.S. Small ...