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COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape
… COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape U.S. Small Business Administration (SBA) … Disaster Loan (EIDL) and Paycheck Protection Program (PPP) funds. In the rush to swiftly disburse COVID-19 EIDL and … -
COVID-19 relief options
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PPP Guaranty Purchases, Charge-Offs, and Lender Servicing Responsibilities
… PPP Guaranty Purchases, Charge-Offs, and Lender Servicing Responsibilities This is for PPP Lenders and SBA employees to describe PPP Lender servicing responsibilities and the process for PPP … -
Guidance on Participation Sales for PPP Loans
… Guidance on Participation Sales for PPP Loans Provide guidance to Lenders approved to participate in the Paycheck Protection Program (“PPP”) regarding the sale of participating interests in PPP loans. Procedural notice 5000-20021 The purpose of this … -
SBA Administrator Announces New Paycheck Protection Program (PPP) Milestone: In Less Than Two Months, One Million Borrowers Apply for Direct Forgiveness through Agency’s PPP Portal
… Administrator Announces New Paycheck Protection Program (PPP) Milestone: In Less Than Two Months, One Million … Borrowers Apply for Direct Forgiveness through Agency’s PPP Portal WASHINGTON – The U.S. Small Business … major milestone today as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its one … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small … nearly $30 billion in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds have been … traditional small business loan programs. Combined PPP, EIDL and EIDL Advance Loan Data for the Pacific … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small … nearly $30 billion in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds have been … traditional small business loan programs. Combined PPP, EIDL and EIDL Advance Loan Data for the Pacific … -
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
… SBA and Treasury Announce PPP Re-Opening; Issue New Guidance WASHINGTON – The U.S. … announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only … -
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Statement by SBA Administrator Guzman on the Signing of the Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act
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Administrator Guzman Announces Expanded Efforts to Aggressively Crack Down on Bad Actors and Prevent Fraud in Programs
… to Aggressively Crack Down on Bad Actors and Prevent Fraud in Programs WASHINGTON – Today, Administrator Isabella … theft of taxpayer dollars. Recognizing that managing fraud risk in agency programs and operations is integral to … upon current activities the Agency has undertaken to limit fraud. The SBA’s work in the Biden-Harris Administration to … -
SBA’s Oversight of Non-Bank Lenders and Third-Party Service Providers Associated with PPP Loans
… Lenders and Third-Party Service Providers Associated with PPP Loans In this evaluation report, the Office of Inspector … (fintech), and third-party service providers in the PPP. Report 25-04 Over 5,300 lenders, including bank and … controls and limited oversight increased the risk of fraud. We found non-bank PPP lenders made $14.2 billion in … -
SBA’s Use of Hold Codes for Potentially Fraudulent PPP Loans Referred by Lenders
… SBA’s Use of Hold Codes for Potentially Fraudulent PPP Loans Referred by Lenders OIG is issuing this management … for potentially fraudulent Paycheck Protection Program (PPP) loans referred by lenders. Report 25-07 The Office of … its handling of lender-referred PPP loans suspected of fraud or illegal activity and its process for capturing these … -
U.S. Small Business Administration Releases Report on Anti-Fraud Control Measures in Pandemic Relief Programs
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SBA’s Actions to Address Forgiven PPP Loans Subsequently Flagged as Potentially Ineligible
… SBA’s Actions to Address Forgiven PPP Loans Subsequently Flagged as Potentially Ineligible This … bringing SBA's attention to concerns regarding forgiven PPP loans subsequently flagged as potentially ineligible … concerns regarding forgiven Paycheck Protection Program (PPP) loans subsequently flagged as potentially ineligible … -
SBA Re-Opens PPP to Community Financial Institutions First
… SBA Re-Opens PPP to Community Financial Institutions First WASHINGTON – … Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing its … potential access to capital barriers by initially granting PPP access exclusively to community financial institutions … -
OHA PPP Appeal Decisions cited in Frequently Asked Questions for PPP Borrowers and Lenders
… OHA PPP Appeal Decisions cited in Frequently Asked Questions for PPP Borrowers and Lenders SBA's Office of Hearings and … of the collection of frequently requested records. … OHA PPP Appeal Decisions cited in Frequently Asked Questions for … -
Second Notice of Revised Procedures for Addressing Hold Codes and Compliance Check Error Messages on PPP Loans
… Hold Codes and Compliance Check Error Messages on PPP Loans This notice provides revised guidance to SBA … address hold code and compliance check error messages for PPP loans. Procedural notice 5000-808216 Office of Capital … Download .pdf for / March 29, 2021 Related programs: 7(a), PPP Procedural notice 5000-20092 Revised SBA Paycheck … -
Response to COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape
… Response to COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape Support File size: 258KB | Download .pdf for … button Off … Response to COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape …