Baltimore Man Indicted on Charges He Faked PPP Loan and EIDL Loan Application
A man from Baltimore is facing federal charges for allegedly submitting fraudulent relief loan applications and stealing the identity of a tax preparer.
EIDL Loan
Small Businesses in California Affected by 2021 Oil Spill Face Important Deadline
Small businesses in California have been recently reminded of the July 27, 2022, deadline to apply for an SBA federal disaster loan.
Florida Cop Charged with EIDL Loan Fraud – See How He Allegedly Used the Money
A police officer in South Florida has been charged by a federal grand jury with fraudulently applying to SBA for EIDL Loan.
$390 Billion in EIDL Loans Awarded to Small Businesses Through Pandemic
Four million businesses that were negatively impacted by the pandemic were awarded almost $390 billion in COVID Economic Injury Disaster Loans (EIDL).
Former Congressional Candidate Pleads Guilty to PPP Loan Fraud
Former Congressional candidate Nicholas Jones has pleaded guilty to charges of using Covid-19 relief funds for personal expenditures and falsifying records.
More Small Businesses Eligible for Disaster Relief Due to Drought
SBA has announced that multiple counties across four states are now eligible to apply for an Economic Injury Disaster Loan of up to $2 million.
House Small Business Committee Advances PPP and EIDL Loan Fraud Bills
Two of the 7 bills advanced by the House’s Small Business Committee deal address fraud in the PPP and EIDL programs.
Senators Urge SBA to Use Available Money to Fund EIDL Requests
Two Senate committee chairs want the Small Business Administration to pull more funds into the Economic Impact Disaster Loan program.
An Important EIDL Deadline Is Looming for Small Business Owners
It’s too late to apply for a new Covid 19 EIDL loan. But if you’d like to increase the amount of an existing loan, The deadline is May 6.
SBA EIDLs Now Available to Small Businesses Affected by Drought
Small businesses operating in areas of the US where Secretaries of Agriculture have declared drought disasters are eligible for an Economic Injury Disaster Loan (EIDL loan).
OIG Says SBA Management of EIDL Program Had Contracting Flaws
According to a report from OIG, the Small Business Administration (SBA) didn’t follow proper procedures while managing EIDL funds during the pandemic.
SBA Extends Deferment for Small Business EIDL Covid Loans
The SBA is extending deferment for existing COVID EIDL program borrowers for a total of 30 months including principal and interest payments.
