The Small Business Administration Office of the Inspector General issued a report on Tuesday citing “serious” concerns about “rampant” fraud within the agency’s Economic Injury Disaster Loan Program and advance grant program. PPP ROUND 2 PROPOSAL TARGETS SMALL, HARD-HIT BUSINESSES ...
My application for an SBA loan was declined or deemed ineligible. What are my options? If you did not qualify for a small business loan with Umpqua Bank, we’ll refer you to a Small Business Development Center (SBDC) in your area. These centers provide assistance to small businesses and ...
is legislation passed by the United States Congress in 1970 that requires U.S. financial institutions to collaborate with the U.S. government in cases of suspected money laundering and fraud.
Fraud, waste and abuse in 2023: Spotlight on ancillary services Managed Care Outlook 2023 31 January 2023 Preparing for the end of the COVID-19 public health emergency Managed Care Outlook 2023 31 January 2023 HRSA asks for comment on provider relief fund and ARP rural reporting requirements ...
Cable Installer Tells of Fraud: Says Tucker, Partner Set Up Bogus Company for SBA LoanLITTLE ROCK, Ark. - A Florida cable-TV installer testified yesterday that a loan obtained by...Aynesworth, Hugh
Chuck Schumer, Ben Cardin, and Sherrod Brown asked the Small Business Administration to investigate a report that banks prioritized wealthy clients in processing loan applications. The New York Times reported that JPMorgan Chase, Citibank and U.S. Bank processed loans for private and commercial ...
SBA capping of first- and second-draw PPP loan amount SBA’s loan processing system has put in place a loan eligibility amount cap of $35,000 per employee for both first- and second-draw applications, the AICPA letter says, adding that the cap results in the SBA E-Tran system reducing ...
(Meridian Bancorp Inc. of Pennsylvania, Small Business Administration)(Brief Article)Meridian Bancorp last month agreed to a $1.56 million settlement with the federal government to resolve fraud allegations surrounding a 1991 Small Business Administration loan guarantee.Arndorfer, James B...
PPP is a temporary effort under the SBA Section 7(a) loan program. We recommend that all potential borrowers apply as soon as possible as funds are distributed on a first come, first served basis. Payment of the principal and interest will begin six months from the date of disbursement. ...