The Small Business Administration's relief programs leave a complex legacy five years after Covid-19 was declared a pandemic.

The SBA’s Office of the Inspector General estimated that as much as $4.6 billion worth of fraudulent loans were approved in the first year of the program alone.

Key Takeaways A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133—Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020.

The companies, Biz2Credit, Inc. and Womply, will pay millions to the FTC to settle allegations they falsely promised fast processing of PPP loan applications.

A new report from the SBA’s inspector general finds that the agency failed to refer roughly $2.2 billion worth of Paycheck Protection Program loans to the Treasury starting in July 2022 until ...

The U.S. Small Business Administration said Suffolk OTB should've never received the Paycheck Protection Program loan in 2020 because of its status as "a government-owned entity." ...

The SBA’s Likely New Boss Targets Its Flagship Loan Program Former Georgia senator Kelly Loeffler says she plans to lead the Small Business Administration with a policy of zero-tolerance for fraud.