Oriental Bank sues 100+ in RICO lawsuit alleging PPP loan fraud
December 3, 2024
The financial institution claims the defendants orchestrated a fraudulent scheme to obtain PPP funds by submitting falsified applications and misusing the proceeds for personal gain. #NewsismyBusiness
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SBA extends payment period for PPP, COVID loan borrowers
January 12, 2024
SBA launches 60-day goodwill exception period, expands hardship accommodation plans. #NewsismyBusiness
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SBA to open Paycheck Protection Program direct forgiveness website
July 30, 2021
The US Small Business Administration will launch a streamlined Paycheck Protection Program forgiveness application website to allow some 6.5 million borrowers with PPP loans of $150,000 or less to apply for forgiveness directly through the SBA, it announced. On Aug. 4, the site will begin accepting applications from borrowers that have a PPP loan with […]
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