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SBA Loan News

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Most publicly listed companies keep coronavirus small business loans
Large and publicly-listed companies have been encouraged to return unnecessary PPP loans, but a vast majority are choosing to keep them.

Published: May 25, 2020 @ 04:42:00 AM
Source: Fox Business

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Overwhelming majority of publicly traded firms have not returned small business loans: review
More than 80 percent of public companies that received loans through the Paycheck Protection Program have kept the money, according to an analysis by market research firm FactSquared.

Published: May 24, 2020 @ 09:14:00 AM
Source: The Hill

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New York man charged with $20 million PPP and SBA loan fraud
A Chinese man living in Manhattan was charged by federal prosecutors with fraudulently trying to obtain more than $20 million in government loans intended to aid small businesses affected by the ...

Published: May 21, 2020 @ 12:46:00 PM
Source: The Boston Globe

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NYC Man Accused of Trying to Obtain $20 Million in Coronavirus Small Business Loans, Despite Having No Employees
A criminal complaint approved by federal prosecutors outlines six charges against Muge Ma, including wire fraud, bank fraud and making false statements to a bank.

Published: May 22, 2020 @ 09:58:00 AM
Source: Newsweek

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U.S. firms canceled at least $18 billion in small-business loans
U.S. companies have canceled at least $18 billion in loans from the government's centerpiece coronavirus relief program for small businesses, a much larger number than figures previously disclosed by ...

Published: May 20, 2020 @ 04:18:00 PM
Source: SFGate

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Mitt Romney Asks for Investigation Into Whether Planned Parenthood Fraudulently Applied for $80 Million in Small Business Loans
Romney and 25 Republican senators sent a letter to Attorney General William Barr demanding an investigation into Planned Parenthood's application that resulted in $80 million from the Small Business ...

Published: May 21, 2020 @ 08:53:00 AM
Source: Newsweek

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Fact-check: Are small business loans going to the right place?
This piece was originally published on PolitiFact.com on May 26, 2020.In a virtual campaign stop focused on Wisconsin, Democratic presidential candidate ...

Published: May 26, 2020 @ 04:02:00 AM
Source: Austin American-Statesman

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Biden uses arbitrary, conflicting definition to slam small business loans
We don’t have data on the size of businesses getting loans, so Biden is making assumptions based on loan size. About 40% of the loans were for $1 million or more. But Biden's definition of “small ...

Published: May 26, 2020 @ 02:23:00 AM
Source: Politifact

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Details scant on SBA-loan relief efforts
A small, overlooked federal agency is shouldering a massive relief effort for the nation's small businesses and their workers left reeling by the pandemic.

Published: May 23, 2020 @ 08:39:00 PM
Source: Arkansas Democrat-Gazette

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New York State Launches Small Business Loans For Those Who Didn't Get Money From The Feds
Applications for a new New York State small business loan program open Tuesday for businesses that didn't get money from federal COVID-19 relief programs. The $100 million state program— New York ...

Published: May 24, 2020 @ 10:06:00 AM
Source: Gothamist

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SBA loan program fix in the works
Many small businesses say an SBA loan program, the Paycheck Protection Program, needs to be more flexible. Action to fix that is now underway in Congress.

Published: May 20, 2020 @ 01:12:00 PM
Source: Land Line

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Springfield restaurant plans for financial future after SBA loan runs out
Van Gogh's Eatery had to close down for over a month and thanks to a small business loan they were able to reopen comfortably but they're half way through that loan and now they're planning for once ...

Published: May 22, 2020 @ 01:39:00 PM
Source: KY3

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