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Head of the SBA Visits Small Businesses in Dallas, Texas And highlights the Role of Small Businesses in a Recovering Economy
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Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program
… regarding the success of the Paycheck Protection Program (PPP): “The Treasury Department and SBA launched the … which will protect a vast number of American jobs. “The PPP enjoyed broad-based participation across the country from … of industries and businesses. From its start on April 3, PPP provided payroll assistance to more than 1.6 million … -
The Small Business Administration’s Implementation of Recommended Controls and the Economic Aid Act
… controls related to the Paycheck Protection Program (PPP). The Economic Aid Act continued assistance under the PPP for small businesses financially affected by the ongoing coronavirus pandemic. We found SBA implemented the PPP in accordance with the Economic Aid Act with two … -
SBA Regional Administrator Rob Scott’s Statement on the Paycheck Protection Program’s Second Round of Funding
… part of that effort, from 4 to 11:59 p.m. EDT today, SBA’s PPP loan processing system is only open to lending … entry. “As of this evening, more than 960,000 approved PPP loans totaling nearly $90 billion had been processed via … less than $50 billion in assets have approximately 793,000 PPP loans approved for $63 billion. The average overall PPP … -
SBA’s Paycheck Protection Program Loan Review Processes
… (SBA) processes for reviewing Paycheck Protection Program (PPP) loans for eligibility and forgiveness. SBA’s online loan … payment promptly creates uncertainty for borrowers and PPP lenders who are unsure if SBA will forgive their loans. … SBA made changes to allow certain loans to be reviewed for fraud and eligibility after they have been forgiven. We have … -
Work for OIG
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Surety bonds
… which protect the general public against things like fraud. The right surety bond for the project Some contracts … -
Office of Disaster Recovery and Resilience
… employment Disaster policies and procedures How to report fraud Code of Federal Regulations - Disaster Loan Program SOP … -
SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program
… of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development … These dedicated funds will further ensure that the PPP reaches all communities in need of relief during the … for President Trump. “The forgivable loan program, PPP, is dedicated to providing emergency capital to sustain … -
SBA and Treasury Announce Release of Paycheck Protection Program Loan Data
… the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to millions of American … -
Whistleblower Protection Laws: Employees of Contractors, Grantees, and Personal Services Contractors
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Joint Statement by SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin Regarding Enactment of the Paycheck Protection Program Flexibility Act
… the enactment of the Paycheck Protection Program (PPP) Flexibility Act: “We want to thank President Trump for … implementing these legislative amendments to the PPP. These modifications will implement the following … for loan forgiveness. Borrowers who have already received PPP loans retain the option to use an eight-week covered … -
COVID-19 Resources for Small Businesses
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Operate as an intermediary
… of the collateral, unless the loss was caused by fraud, negligence, violation of any of the ethical … -
Biden-Harris Administration Announces New Development and Improvements on Loan Program Modernization to Expand Access to Capital for Small Businesses
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Returning Citizens Empowered to Start and Grow Businesses Under Proposed Rule
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About SBA
… promote and defend small business interests in cases of fraud, appeals and excessive regulations. Office of Hearings … -
Business Loan Program Improvements
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Four Million Hard-Hit Businesses Approved for Nearly $390 Billion in COVID Economic Injury Disaster Loans