| 单词 | SBA |
| 例句 | Smaller loan amounts went to the publishers of the Chattanooga Free Press in Tennessee, the Daily Herald in Chicago and the Arkansas Democrat-Gazette, according to the SBA data. Four takeaways from the PPP loans to media companies show the far-reaching toll of the pandemic 2020-07-07T04:00:00Z Stepping back just a bit, you described your decision to put the muscle of the SBA List behind then-candidate Trump in 2016 — a candidate you had not supported originally and had called “disgusting” — as “prudential.” Antiabortion leader Marjorie Dannenfelser: ‘You can never build human rights on the broken rights of other people’ 2022-01-06T05:00:00Z Weatherford also works directly with military veterans in a Boots to Business program sponsored by the SBA. Older Oklahomans starting new small businesses 2014-07-28T04:00:00Z Potbelly Sandwich Shops received $10 million, and burger chain Shake Shack actually announced its intentions to return a $10 million SBA loan on Monday after acquiring “additional capital” elsewhere. Petition urges Ruth's Chris Steak House to return $20 million in coronavirus relief loans 2020-04-22T04:00:00Z The Small Business Administration is compiling the guidelines for venues to apply, according to an SBA spokeswoman. Vowing to bring live entertainment back, Gov. Cuomo announces a ‘New York Arts Revival’ 2021-01-12T05:00:00Z The SBA announced Friday that applications for the aid under the so-called Shuttered Venue Operators Grant program will open April 8. Desperate for cash, strapped arts venues wait out delays in federal covid relief 2021-03-21T04:00:00Z The SBA will host a national informational webinar on the process on March 30. Desperate for cash, strapped arts venues wait out delays in federal covid relief 2021-03-21T04:00:00Z Consider, for a moment, a wrist Frisbee like Diesel’s all-black SBA chronograph. Tick, Tick, Tick, Chic 2011-07-06T19:58:31Z The massive stimulus plan that President Biden signed into law on March 11 included funds to hire additional SBA staffers to handle coronavirus relief and the enormous pent-up demand for help. Desperate for cash, strapped arts venues wait out delays in federal covid relief 2021-03-21T04:00:00Z The SBA and Federal Emergency Management Agency have offered loans, but many residents said they were not approved — or if they were, the amount didn’t cover all the damage. 'I have PTSD': Snow, death, isolation bring scary new climate reality in San Bernardino Mountains 2023-11-16T05:00:00Z “SBA stands ready to help Maine’s small business owners impacted by the mass shooting in Lewiston, which tragically took lives and disrupted neighborhoods,” said Isabel Casillas Guzman, administrator of the small business administration. Maine looks to pay funeral costs for families of mass shooting victims 2023-11-08T05:00:00Z SBA Pro-Life America President Marjorie Dannenfelser said that “Issue 1 passed because abortion activists and outside Democrat donors ran a campaign of fear to Ohio voters: vote for this ballot measure or women will die.” Ohio passes amendment to enshrine abortion rights in state constitution 2023-11-07T05:00:00Z Small Business Administration as a one of 68 “legacy business” across America that “have grown from small startups into some of the most recognizable brands in the United States with the support of the SBA.” Pike Place Market and fish-throwing vendor battle over ‘Pike Place’ use 2023-09-07T04:00:00Z Small business lending companies, or SBLCs, are nonbank institutions — such as financial technology companies and alternative lenders — that are authorized to fund SBA loans. What new lending regulations mean for small-business owners 2023-08-17T04:00:00Z Activists are working in at least nine states to place pro-choice proposals on the November 2024 ballot, said Billy Valentine, SBA vice president of political affairs. Pro-life leaders press GOP candidates to defend abortion limits as state ballot fights loom 2023-08-15T04:00:00Z The Inspector General for the SBA concluded after an investigation that Planned Parenthood met the PPP loan requirements. GOP lawmakers call for investigation into Planned Parenthood COVID-19 relief money 2023-08-03T04:00:00Z In October 2021, Mullins resigned as head of the SBA after the FBI searched the union’s Manhattan office and his Long Island home. Ex-police union boss gets 2 years in prison for $600,000 theft 2023-08-03T04:00:00Z During the debt ceiling impasse in May, House Republicans pushed cuts in government spending that the Biden administration said would have slashed SBA and other small business assistance programs by 22%. Kamala Harris touts the small business side of 'Bidenomics' at Santa Monica restaurant 2023-07-06T04:00:00Z In addition to issuing new licenses, the SBA also updated its lending criteria. What new lending regulations mean for small-business owners 2023-08-17T04:00:00Z Caitlin Connors with the anti-abortion group SBA Pro-Life America said Friday’s ruling was “a crucial win for the unborn and their mothers.” Judge allows nearly all of North Carolina’s revised 12-week abortion law to take effect 2023-06-30T04:00:00Z SBA issued its own report Tuesday detailing anti-fraud measures it has adopted. More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says 2023-06-27T04:00:00Z In comments attached to the report, a senior SBA official disputed the new numbers. The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says 2023-06-27T04:00:00Z This caused the SBA and a PPP lender to approve and fund 11 disaster loans and six PPP loans, totaling about $2.14 million, prosecutors said. Florida couple charged with more than $2M in COVID-19 relief fraud 2023-06-16T04:00:00Z Lenders will also be allowed to underwrite SBA loans using the methods they use for their own similarly sized, non-SBA business loans. What new lending regulations mean for small-business owners 2023-08-17T04:00:00Z In an interview, SBA Inspector General Hannibal “Mike” Ware declined to say what the new fraud estimate for both programs will be. The Great Grift: How billions in COVID-19 relief aid was stolen or wasted 2023-06-12T04:00:00Z In the seven decades before the pandemic struck, for example, the SBA had doled out $67 billion in disaster loans. The Great Grift: Five things to know about how COVID-19 relief aid was stolen or wasted 2023-06-11T04:00:00Z The bulk of the potential losses are from the two SBA programs and another to provide unemployment benefits to workers suddenly unemployed by the economic upheaval caused by the pandemic. The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says 2023-06-27T04:00:00Z “I’m not convinced Mr. Syed is ready and willing to change the SBA’s culture and bring much-needed accountability to the agency,” Ernst said. Senate confirms highest-ranking Muslim in gov’t after earlier GOP blockade 2023-06-08T04:00:00Z Miller, who suspects that the SBA’s inflexible and lengthy lending criteria left many borrowers without access to capital, is hopeful that the update will do away with the “one-size-fits-all” approach to underwriting. What new lending regulations mean for small-business owners 2023-08-17T04:00:00Z A 2022 study from the University of Texas at Austin found almost five times as many suspicious Paycheck Protection loans as the $20 billion SBA’s inspector general has reported so far. The Great Grift: How billions in COVID-19 relief aid was stolen or wasted 2023-06-12T04:00:00Z SBA’s workforce had to get money out the door, fast, to help struggling businesses and their employees. The Great Grift: Five things to know about how COVID-19 relief aid was stolen or wasted 2023-06-11T04:00:00Z SBA previously told The Associated Press the federal government has not developed an accepted system for assessing fraud in federal programs. The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says 2023-06-27T04:00:00Z Last month, in a speech at SBA’s headquarters, Haley said she saw a federal role in the debate but stopped short of endorsing a national ban. Anti-abortion group aligns with Trump, weeks after criticism 2023-05-08T04:00:00Z Adam Schwend, SBA Pro-Life America’s Western regional director, commended the governor for the suite of pro-life measures. Montana governor signs born-alive abortion bill after voters reject it at ballot box 2023-05-03T04:00:00Z You may be able to use an SBA loan or business bank loan to buy a business. Thinking of Starting a Business? Consider Buying One Instead 2023-04-27T04:00:00Z In less than a few days, a week at most, Horowitz said, SBA might have discovered thousands of ineligible applicants. The Great Grift: Five things to know about how COVID-19 relief aid was stolen or wasted 2023-06-11T04:00:00Z Trump’s position was panned by the antiabortion group SBA Pro-Life America. In Iowa, Pence draws direct contrast with Trump on abortion 2023-04-23T04:00:00Z “That’s why it is imperative that Republicans stand up and speak out on this issue and not let their opponents define them,” SBA Pro-Life America said in a statement. Pro-life politics hobbled by left successfully framing abortion debate as an all-or-nothing choice 2023-04-09T04:00:00Z And the watchdog has also quietly opened a probe to determine whether the SBA has chosen not to pursue some borrowers with back-due balances, especially involving unpaid loans less than $100,000. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z "The Swiss financial sector was able to address a major issue of a significant player," SBA Chairman and former UBS CEO Marcel Rohner told reporters on Tuesday. Analysis: Credit Suisse collapse threatens Switzerland's wealth management crown 2023-03-22T04:00:00Z Biden in August signed legislation to increase the statute of limitations from five to 10 years on crimes involving the two major programs managed by the SBA. The Great Grift: Five things to know about how COVID-19 relief aid was stolen or wasted 2023-06-11T04:00:00Z Adam Schwend, SBA Pro-Life America western regional director, said the bills make Wyoming “one of the most pro-life states in the country.” Wyoming becomes first state to outlaw abortion pills 2023-03-18T04:00:00Z Small stream and river flooding is possible, especially for SLO & SBA Counties. California faces new cycle of storms with escalating flood danger 2023-03-08T05:00:00Z Loans of that size together add up to about $72 billion, though the SBA has not said how many are in repayment or experiencing any trouble. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The district also set goals through 2026 based on the seventh grade math scores and third grade reading scores from the Smarter Balanced Assessment, or SBA, a standardized test given statewide in the spring. Why Seattle Schools is hinging student success on Black male achievement 2023-03-05T05:00:00Z The SBA chiefly oversaw two federal initiatives that provided loans and grants to companies, including the Paycheck Protection Program. White House proposes $1.6 billion to combat ‘historic’ covid aid fraud 2023-03-02T05:00:00Z The SBA paid loans without checking to see if applicants were on the Treasury Department’s Do Not Pay list. Biden gets tough on pandemic fraud; promises more money, time to prosecute scammers 2023-03-02T05:00:00Z In a Goldman Sachs survey released this month, 70% of small businesses gave the federal government a “C” grade or below, calling on lawmakers to “modernize” the SBA in response to pandemic challenges. Small businesses brace for reduced consumer demand 2023-02-14T05:00:00Z Ernst demanded key information about the SBA, its loan portfolio and the extent to which it is reporting problematic borrowers to the Treasury Department. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z By 2026, Seattle wants 70% of seventh grade Black male students to score “proficient” or higher on the math SBA test. Why Seattle Schools is hinging student success on Black male achievement 2023-03-05T05:00:00Z In its latest estimate, a top pandemic watchdog estimated in January that the SBA awarded roughly $5.4 billion to firms that used potentially ineligible Social Security numbers. White House proposes $1.6 billion to combat ‘historic’ covid aid fraud 2023-03-02T05:00:00Z And the SBA outsourced some of its oversight to unproven tech companies that later collected billions in taxpayer-funded fees while conducting inadequate oversight. Federal watchdogs ask Congress for long-delayed help to fight covid fraud 2023-02-01T05:00:00Z SBA’s specific request is to support “at a minimum” a “heartbeat bill” or “pain-capable” bill, he said. Anti-abortion activists aim to sway GOP White House hopefuls 2023-01-31T05:00:00Z “This is unacceptable, as is any potential attempt by the SBA to once again forgo collections altogether on a program it is tasked with managing on behalf of the American people,” she said. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z But the money also served as a wellspring for criminal activity, as malicious actors took advantage of SBA and its poor oversight to bilk Washington out of seemingly massive sums. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z A year earlier, the SBA’s inspector general pointed to billions of dollars in additional money sent to ineligible foreign applicants and others suspected of identity theft. White House proposes $1.6 billion to combat ‘historic’ covid aid fraud 2023-03-02T05:00:00Z Through the Economic Injury Disaster Loan program and the Paycheck Protection Program, SBA received more than 33 million applications and doled out nearly $1.2 trillion in loans. $5.4 billion in pandemic loans were paid to suspicious Social Security numbers 2023-01-30T05:00:00Z That position puts her at odds with SBA and other anti-abortion groups. Anti-abortion activists aim to sway GOP White House hopefuls 2023-01-31T05:00:00Z Han Nguyen, a spokesman for the SBA, said in a statement that agency policy “continues to be to collect on every loan,” emphasizing the Biden administration’s commitment to recovering money and pursuing fraud. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The oversight report marked only the latest blemish for SBA, which lawmakers tasked two years ago to oversee a stable of stimulus aid that was greater than its usual annual budget. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z And the companies that helped the SBA review businesses for aid failed to conduct proper oversight, The Post uncovered, all the while collecting billions of dollars in lucrative fees. White House proposes $1.6 billion to combat ‘historic’ covid aid fraud 2023-03-02T05:00:00Z Marjorie Dannenfelser, president of SBA Pro-Life America, said she envisions an eventual “federal minimum standard” cut-off line such as 13 weeks of pregnancy after which abortion would not be permitted in any state. March for Life returns to DC with new post-Roe v. Wade focus 2023-01-19T05:00:00Z “Anything less than that will not be acceptable and will not be somebody that SBA can support. So, it’s that simple.” Anti-abortion activists aim to sway GOP White House hopefuls 2023-01-31T05:00:00Z But the SBA declined to answer specific questions about the state of its loan portfolio and detail the ways it pursues some delinquent borrowers, citing a worry that public disclosure could help criminals evade Washington. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The SBA ultimately helped spare millions of these firms from financial ruin, but its haste also resulted in costly errors: It missed warning signs about rampant identity theft and other potential crimes. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z “Our government’s most sacred duty is to safeguard the lives of all Americans,” Marjorie Dannenfelser, the president of SBA Pro-Life America, said in a statement. House Republicans approve antiabortion bills after daunting midterm 2023-01-11T05:00:00Z “Passports, IRS, #Veteran’s issues, SBA, Post Office, Immigration issues, Corps of Engineers, etc. who’s getting paid?” US House has no members, no rules as speaker race drags on 2023-01-04T05:00:00Z SBA Pro-Life America, which raised over $60 million for 2020 campaigns along with its affiliated super PAC, is talking with each potential candidate, Cannon said. Anti-abortion activists aim to sway GOP White House hopefuls 2023-01-31T05:00:00Z Some federal officials and lawmakers have signaled new concern with the SBA’s efforts to pursue borrowers who default on their loans. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z Adding to the challenge, the SBA has granted full or partial forgiveness to more than 93 percent of its PPP recipients. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z “Who can legally help any and all of our citizens with issues we normally handle everyday? Passports, IRS, #Veteran’s issues, SBA, Post Office, Immigration issues, Corps of Engineers, etc. who’s getting paid? Outgoing or incoming?” Lacking a Speaker, One Part of Government Ceases to Function 2023-01-04T05:00:00Z SBA is committed to working with partners at the federal, state and local level to identify opportunities for streamlining and making this process easier for entrepreneurs of color. Breaking down barriers for entrepreneurs of color 2022-12-13T05:00:00Z And we found that many who did take out an SBA loan ended up with over $100,000 in new debt. Hurricane Ian and other disasters becoming a growing source of inequality – even among middle-class 2022-10-04T04:00:00Z As the loans have entered repayment, however, the SBA has faced growing concerns about its ability to collect the full sums it is owed. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z Only late into 2020 and 2021 did the SBA begin to remedy the problem, requiring more tax documents from borrowers seeking federal money. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z The SBA, in an official response to the report, said it would go back and review 27 of the loans Mr. Ware flagged. Planned Parenthood was entitled to pandemic loans: inspector general 2022-09-26T04:00:00Z The SBA programs were somewhat tougher to scam, though early estimates still run to tens of billions of dollars, and the new inspector general’s report captures some of that activity. Foreign fraudsters broke feds’ firewall to steal pandemic loans: audit 2022-09-13T04:00:00Z They also typically did not have flood insurance or access to an SBA loan to help cover repair costs. Hurricane Ian and other disasters becoming a growing source of inequality – even among middle-class 2022-10-04T04:00:00Z From the beginning, both programs faced high risk of fraud, according to the SBA’s inspector general, whose fears in 2020 were realized years later. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z This is the first in-person event anywhere in the nation by the SBA to jump-start small business exports among diaspora communities. A win-win for Korean American small businesses and Seattle economy 2022-09-06T04:00:00Z The latest seizure included a collaboration of efforts between Secret Service, the SBA’s Inspector General, DOJ and other offices. Secret Service recovers $286M in stolen pandemic loans 2022-08-26T04:00:00Z The audit found that SBA officials were aware of the potential and took steps to combat it with a four-layer defense. Foreign fraudsters broke feds’ firewall to steal pandemic loans: audit 2022-09-13T04:00:00Z Some of these households applied for SBA loans but were denied. Hurricane Ian and other disasters becoming a growing source of inequality – even among middle-class 2022-10-04T04:00:00Z Its report cited key deficiencies in how the SBA under Trump reviewed loan applications, since the agency at the time did not consult a federal anti-fraud database known simply as “Do Not Pay.” Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The SBA centered on Korean Americans in Seattle for a variety of reasons. A win-win for Korean American small businesses and Seattle economy 2022-09-06T04:00:00Z “SBA should be more on top of businesses that don’t do the required reporting,” said Lisa Moore, the GAO’s assistant director of financial markets and community investment. Grants not enough for some eateries 2022-08-17T04:00:00Z Both SBA and the contractor it hired to process applications pronounced themselves stumped at how foreign IP addresses were able to circumvent the firewalls, the audit said. Foreign fraudsters broke feds’ firewall to steal pandemic loans: audit 2022-09-13T04:00:00Z SBA determines eligibility based on a number of factors, including credit scores and ability to repay, which means that some households with the greatest need for assistance are denied loans. Hurricane Ian and other disasters becoming a growing source of inequality – even among middle-class 2022-10-04T04:00:00Z That included the SBA’s efforts to refer unpaid loans to the Treasury Department for further enforcement. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The SBA wants to help lower export barriers for Korean American small businesses. A win-win for Korean American small businesses and Seattle economy 2022-09-06T04:00:00Z She added that the SBA reporting portal doesn’t currently allow businesses to say whether they’re open or closed. Grants not enough for some eateries 2022-08-17T04:00:00Z In an official response to the audit, SBA Associate Administrator Patrick Kelley sought to put the numbers in context. Foreign fraudsters broke feds’ firewall to steal pandemic loans: audit 2022-09-13T04:00:00Z For example, SBA backed and Texas opposed a resolution asking Nextera Energy Inc to publish directors’ gender and race or ethnicity. Analysis-Florida governor's bid for conservative pension bloc faces hurdles 2022-08-10T04:00:00Z The SBA, for its part, said it sends demand letters to borrowers who fail to make payments and takes legal action in some cases to collect money. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z Boosting exports and reducing trade barriers “would be a boon to the state, particularly at a time when we are experiencing inflation and are trying to stave off an economic slowdown,” according to SBA documents. A win-win for Korean American small businesses and Seattle economy 2022-09-06T04:00:00Z In response to a Freedom of Information Act request last year, the SBA released the names of all grant recipients, including more than 2,000 with Maryland addresses. Grants not enough for some eateries 2022-08-17T04:00:00Z SBA generally agreed with the inspector general’s recommendation to go back and review all foreign IP address applications that got through the system and figure out which ones were actually bogus. Foreign fraudsters broke feds’ firewall to steal pandemic loans: audit 2022-09-13T04:00:00Z Records show the SBA voted for all four dissident hedge fund nominees while the Texas Teachers’ system supported three. Analysis-Florida governor's bid for conservative pension bloc faces hurdles 2022-08-10T04:00:00Z The SBA said that included limits on its ability to obtain collateral and personal guarantees from borrowers, which “put the taxpayer’s money at greater risk.” Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The SBA considers this week’s event to be a “down payment” on further local economic development for Seattle’s diaspora community. A win-win for Korean American small businesses and Seattle economy 2022-09-06T04:00:00Z The SBA’s Hatch said he did not know whether RRF money could be used to finance a restaurant’s redevelopment or relocation. Grants not enough for some eateries 2022-08-17T04:00:00Z When the owner got suspicious, Carter then impersonated another SBA official to convince the owner the scam was on the up-and-up. Inside job: State, federal workers bilked millions in pandemic relief money 2022-08-08T04:00:00Z The SBA has said the votes reflected factors like Exxon’s underperformance and a lack of board members with energy industry experience. Analysis-Florida governor's bid for conservative pension bloc faces hurdles 2022-08-10T04:00:00Z Some of the suspicion stems from a related decision the SBA made with PPP, its other pandemic loan initiative. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z “The stakes for the pro-life movement in the upcoming midterm elections could not be higher, and there will be many more factors in play,” said Mallory Carroll, spokeswoman for SBA Pro-Life America. Democrats emboldened after Kansas abortion vote, as they eye fall campaign 2022-08-03T04:00:00Z SBA data shows Woodberry Kitchen, considered one of Baltimore’s top dining destinations before the pandemic, received $1.8 million through the program. Grants not enough for some eateries 2022-08-17T04:00:00Z Mallory Carroll, spokeswoman for SBA Pro-Life America, called the loss in Kansas “a huge disappointment for pro-life Kansans and Americans nationwide.” Abortion activists, Biden see Kansas vote as major victory ahead of midterms 2022-08-03T04:00:00Z The votes were meant to create “returns for our plan participants,” an SBA spokeswoman said. Analysis-Florida governor's bid for conservative pension bloc faces hurdles 2022-08-10T04:00:00Z The inspector general questioned that move and faulted the SBA for its analysis, which concluded it would cost the government too much to collect on those PPP debts. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The SBA Pro-Life America’s candidate fund has endorsed Ms. Dixon for the GOP nod. Michigan Gov. Gretchen Whitmer set to veto funding for adoption, pro-life pregnancy centers 2022-07-19T04:00:00Z Christopher Hatch, an SBA spokesman, said he could neither confirm nor deny any returns. Grants not enough for some eateries 2022-08-17T04:00:00Z Bommarito said changes were needed to smooth the process for banks to approve SBA loans to make small business lending "more attractive" to banks. Most U.S. small businesses worry recession is coming - Goldman survey 2022-07-13T04:00:00Z DeSantis himself is one of three trustees who oversee the SBA, but other governors in Republican-controlled states have less direct influence on their pension systems. Analysis-Florida governor's bid for conservative pension bloc faces hurdles 2022-08-10T04:00:00Z The SBA at the time sharply disputed the report, arguing that the underlying law — the Cares Act — had created a situation that made collections difficult. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z The SBA’s inspector general, Hannibal “Mike” Ware, said initially there was a huge struggle at the agency about the “need for speed versus the need for controls.” Clyburn: U.S. failed to stop fraud in COVID-19 loan program 2022-06-14T04:00:00Z Government Accountability Office found issues with the SBA’s oversight of the program. Grants not enough for some eateries 2022-08-17T04:00:00Z Separately, the SBA’s Office of the Inspector General estimated that at least $80 billion distributed from the $400 billion program could have been potentially fraudulent, much of it in scams using stolen identities. Congress examines fraud in pandemic aid for small businesses 2022-06-14T04:00:00Z At the SBA, she was the agency’s resident expert on the Regulatory Flexibility Act, which the New York Times once described as “the chief tool for reducing the regulatory burden on small businesses.” Community deaths 2022-04-26T04:00:00Z Abidemi Rufai also stole money from the Economic Injury Disaster Loans program, which like the PPP was run by the SBA. Feds make first-ever extradition for COVID fraud, accuse former “ER” actor of $7M scam 2022-05-04T04:00:00Z The Nanterre prosecutors’ office described this as the next step in a two-year investigation, one of two separate cases involving Ghosn in France focusing on payments made to SBA. France issues arrest warrant for disgraced auto tycoon Ghosn 2022-04-22T04:00:00Z Nationwide, nearly a third of grant recipients had required annual accounting reports that were overdue for submission to the SBA by six months, according to the GAO. Grants not enough for some eateries 2022-08-17T04:00:00Z The report blames the SBA for creating the batch approval function early in the pandemic, during the Trump administration. Congress examines fraud in pandemic aid for small businesses 2022-06-14T04:00:00Z The SBA estimate, which dwarfs initial indications of the credit exposure to Russia, makes clear the scale of the task of imposing sanctions, such as by freezing the cash. Russians have up to $213 billion stashed offshore in Swiss banks 2022-03-17T04:00:00Z "There's a tsunami of goodwill for Ukraine in Lithuania," said Giedrius Simonavicius, spokesman for SBA, one of the largest Lithuanian business groups which provided the resort. "Tsunami of goodwill": Ukrainian orphans welcomed in Lithuania shelters 2022-03-11T05:00:00Z SBA has several very effective finance programs that help small firms fund working capital, building acquisition and exporting. Prioritize small-business equity as part of recovery 2022-03-03T05:00:00Z And the SBA hasn’t kept track of businesses that closed. Grants not enough for some eateries 2022-08-17T04:00:00Z Under the PPP, more than $800 billion was sent from the SBA to lenders, who then approved businesses’ applications and disbursed the money. Feds nab financier accused of netting $71 million in coronavirus loan fees 2022-03-01T05:00:00Z But its approach, particularly during the Trump administration, also carried a steep cost, as the SBA did not put in place a wide array of policies that might have prevented significant waste, fraud and abuse. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z While the White House has not withdrawn the SBA nomination, it is a tacit acknowledgment that Senate Democrats have no viable options to confirm Syed. GOP Fed blockade has Democrats worried about other nominations, including Supreme Court 2022-02-17T05:00:00Z SBA’s finance programs are critically important to empowering underserved communities across the state. Prioritize small-business equity as part of recovery 2022-03-03T05:00:00Z “I would like the SBA to survey the investments that are currently being done,” Mr. DeSantis said in a statement. Gov. Ron DeSantis moves to decouple Sunshine State pension funds and Chinese Communists 2021-12-20T05:00:00Z The SBA declined to say how much remains in each of its initiatives, though outside groups estimate it is in the billions of dollars. Lawmakers, business leaders begin to raise alarms about dwindling federal aid, as omicron cases rise across U.S. 2021-12-19T05:00:00Z Meanwhile, the calls to the SBA’s tip line for criminal activity spiked by more than 37,000 percent over an 18-month period earlier in the outbreak. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z “It goes into my bank account tonight or I start bombing every location owned by the SBA,” Antoun wrote in the email that he sent on May 3, 2020, according to Smith. Lakewood man charged with threatening to bomb agency that denied him COVID relief loan 2021-11-23T05:00:00Z SBA’s new Community Navigators Pilot funds organizations across the country — trusted advocates — to reduce barriers within underserved communities to access SBA funding and federally backed programs. Prioritize small-business equity as part of recovery 2022-03-03T05:00:00Z SBA List’s newest effort is focused on ensuring that pro-choice viewpoints do not drown out their pro-life opponents. Susan B. Anthony List kick-starts $2.5M abortion ad campaign aimed at Senate battleground states 2021-11-17T05:00:00Z The SBA has handled key parts of the federal pandemic response, including the Paycheck Protection Program and the Restaurant Recovery Fund. Mike Fong, former Seattle City Hall official, to run regional office of Small Business Administration 2021-11-04T04:00:00Z Facing a hemorrhaging economy, the SBA moved at lightning speed to implement the efforts. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z In the summer and fall of 2021, Antoun applied again for SBA loans and advances, but had trouble getting any, according to Smith. Lakewood man charged with threatening to bomb agency that denied him COVID relief loan 2021-11-23T05:00:00Z The result, according to the SBA inspector general, was “limited assurance that loans went to only eligible recipients.” A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card 2021-10-24T04:00:00Z SBA List’s newest ads are set to air on television and online this week and again after Thanksgiving. Susan B. Anthony List kick-starts $2.5M abortion ad campaign aimed at Senate battleground states 2021-11-17T05:00:00Z The SBA can issue these loans through Dec. 31 of this year, or until funds run out, whichever is sooner. PPP is gone, but government help for small businesses isn’t 2021-10-21T04:00:00Z With PPP, for instance, a report last January from the SBA inspector general found roughly 55,000 PPP loans worth more than $7 billion had gone to “potentially ineligible businesses.” ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Last week, he sent several SBA employees another angry email punctuated with typos. Lakewood man charged with threatening to bomb agency that denied him COVID relief loan 2021-11-23T05:00:00Z The SBA on Sunday faulted the administration of President Donald Trump and called Oudomsine’s case “another example of the fraud that resulted from their lax controls.” A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card 2021-10-24T04:00:00Z Mr. Syed was nominated to the SBA’s No. 2 post in March. Opinion | The cowardice of Senate Republicans blocking a qualified Muslim’s confirmation 2021-10-19T04:00:00Z The SBA offers a Lender Match tool on its website to connect potential borrowers with lenders within two business days. PPP is gone, but government help for small businesses isn’t 2021-10-21T04:00:00Z Just this month, a federal court in Rhode Island sentenced two locals in Warwick after they tried to deceive the SBA over roughly $500,000 in PPP loans. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Once the police captured him, Antoun wrote, he would have his father provide news media with all of his correspondence to expose what he viewed as fraudulent conduct by the SBA. Lakewood man charged with threatening to bomb agency that denied him COVID relief loan 2021-11-23T05:00:00Z Defenders of the SBA’s pandemic-relief programs have also argued that flagged loans and grants represented a small fraction of hundreds of billions of dollars in aid. A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card 2021-10-24T04:00:00Z The SBA’s deputy administrator is responsible for day-to-day operations, and the position has been vacant since April 2018 because of the Trump administration’s failure to put forward a nominee. Opinion | The cowardice of Senate Republicans blocking a qualified Muslim’s confirmation 2021-10-19T04:00:00Z The “partisan and unnecessary inaction of our Republican colleagues shows no concern for the millions of small businesses still relying on SBA support to survive COVID-19 and rebuild their future,” Cardin said. GOP stalls pick who’d be government’s highest-ranking Muslim 2021-10-13T04:00:00Z In a separate case, a man in Virginia pleaded guilty to money laundering charges in connection with more than $900,000 in SBA funds. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Upon receiving the email, SBA supervisors confirmed that no employees were physically present in the agency’s downtown Los Angeles office and notified the building’s security guards of the threats. Lakewood man charged with threatening to bomb agency that denied him COVID relief loan 2021-11-23T05:00:00Z The SBA inspector general’s office said this month that the SBA was “taking corrective actions” after its report describing improper grants to self-employed people in 2020. A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card 2021-10-24T04:00:00Z With so many Jewish organizations coming to Mr. Syed’s defense, Republicans switched tactics yet again and now claim their opposition is rooted in their objections to SBA covid-relief payments to Planned Parenthood entities. Opinion | The cowardice of Senate Republicans blocking a qualified Muslim’s confirmation 2021-10-19T04:00:00Z “We have no reason to believe that any other member of the SBA is involved or targeted in this matter.” NYPD sergeants’ union boss resigns after FBI raid 2021-10-06T04:00:00Z And still more applied under stolen or questionable names, home addresses and bank account numbers, which the SBA still funded. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z The head of the New York Police Department's Sergeants Benevolent Association resigned Tuesday, hours after FBI agents raided SBA offices and his home in relation to a federal probe. NYPD union head resigns after FBI raid on headquarters, home 2021-10-05T04:00:00Z James E. Rivera, an associate administrator for the agency’s Office of Disaster Assistance, wrote to the inspector general last month that the SBA “does not agree with key assertions in the draft report findings.” A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card 2021-10-24T04:00:00Z Before the Planned Parenthood issue became the Republicans’ main focus, they questioned SBA loans to a company Syed led. Perspective | Biden’s SBA nominee would be the country’s highest-ranking Muslim. The GOP won’t let him get a vote. 2021-09-27T04:00:00Z The SBA board said Mr. Mullins is entitled to a presumption of innocence, but it would be hard to carry out his day-to-day duties pending the investigation. NYPD sergeants’ union boss resigns after FBI raid 2021-10-06T04:00:00Z In a series of reports, dating to spring 2021, the agency’s inspector general affirmed that widespread lapses meant that the SBA had funded applications for aid made possible by identity theft. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z There’s an online portal for businesses to apply and the SBA will have staff assisting the Federal Emergency Management Agency and state recovery efforts. Small businesses face slow, difficult recovery after Ida 2021-09-01T04:00:00Z After just two months, the SBA shut down the program July 2, having run out of money. Warner, Kaine say more covid-19 relief essential for restaurants in plea to Senate leadership 2021-08-04T04:00:00Z “We’ll continue working with the SBA to ensure Florida law is upheld for those who target our friends in Israel,” said Jimmy Patronis, Florida’s chief financial officer. Florida takes Ben & Jerry’s divestment step over Israel 2021-08-03T04:00:00Z Small businesses were allowed to apply if they met the SBA’s definition of a small business, which for most industries is 500 employees or fewer. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z The SBA improved its vetting systems to better target later rounds of stimulus aid and compare its data with that amassed by other agencies. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z “CDFIs may be an option if they’re not getting a loan from a big bank, or having trouble getting loans from SBA.” Small businesses face slow, difficult recovery after Ida 2021-09-01T04:00:00Z They argued that the SBA’s prioritization of applications from certain restaurant owners — including women, veterans and socioeconomically disadvantaged groups — discriminated against them. Warner, Kaine say more covid-19 relief essential for restaurants in plea to Senate leadership 2021-08-04T04:00:00Z The vast majority of those waiting for forgiveness fall under the $150,000 threshold, according to the SBA. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z In addition to the new loan forgiveness portal, the SBA is reducing the documentation requirements for some of the smallest businesses. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z In a statement, Sperling said the SBA had funded “the very large majority who were honorable small businesses in need of and deserving pandemic relief.” ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z “Congratulations,” the May 18 email from the SBA read. From 'congratulations' to 'fully canceled': California cafe owners hit roadblock 2021-07-23T04:00:00Z A court ordered the SBA on June 11 to begin processing applications for non-prioritized groups while halting others. Warner, Kaine say more covid-19 relief essential for restaurants in plea to Senate leadership 2021-08-04T04:00:00Z The SBA estimated at the time that there were 1.7 million applications it was yet to receive. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z In fact, no such person works at the SBA, investigators said. DHS employee pleads guilty to stealing COVID funds 2021-06-29T04:00:00Z The remedies nonetheless drew early praise from Ware, who told lawmakers in January that the SBA had made key strides in addressing the lapses raised by his team. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z It continued, “The SBA will now process the funding of this award directly to your Bank account within 3-7 business days from this notification.” From 'congratulations' to 'fully canceled': California cafe owners hit roadblock 2021-07-23T04:00:00Z The SBA’s grant rollout was in part complicated by a lawsuit filed by White restaurant owners, represented by a conservative group founded by former Trump advisers Stephen Miller and Mark Meadows. Warner, Kaine say more covid-19 relief essential for restaurants in plea to Senate leadership 2021-08-04T04:00:00Z In addition to the new loan forgiveness portal, the SBA is also reducing the documentation requirements for some of the smallest businesses. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z A California jury on Friday found four people guilty of trying to steal millions of dollars from the SBA in bogus loans. DHS employee pleads guilty to stealing COVID funds 2021-06-29T04:00:00Z The SBA declined to make its officials available for an interview or answer specific questions. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z “We regret to inform you that, due to recent court rulings, the SBA will not be able to disburse your Restaurant Revitalization Fund award,” it read. From 'congratulations' to 'fully canceled': California cafe owners hit roadblock 2021-07-23T04:00:00Z By the time Gresser heard back from the SBA about her stalled application, it was only to notify her of a minor paperwork error at the end of June. Warner, Kaine say more covid-19 relief essential for restaurants in plea to Senate leadership 2021-08-04T04:00:00Z SBA said it would not pay the claims, given the injunction. U.S. SBA halts some grants under injunction in lawsuit filed by white restaurant owners 2021-06-12T04:00:00Z Mr. Manchin’s opposition to scrapping the filibuster is crucial to pro-life advocates’ planning, and Ms. Robertson noted that SBA List is running ads in West Virginia thanking him for his stance on the filibuster. Susan B. Anthony List preparing for budget battle over Biden agenda on abortion 2021-06-03T04:00:00Z A spokesman for the SBA inspector general declined to comment. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Some 2,964 other restaurant owners got similar notices, SBA said. From 'congratulations' to 'fully canceled': California cafe owners hit roadblock 2021-07-23T04:00:00Z Even if the loan amount doesn’t require itemized expense lists, PPP loan recipients should keep receipts and be able to account for every dollar spent, in case the SBA asks for it later. How to get your PPP loan forgiven 2021-05-26T04:00:00Z That includes “suspicious financial flows” between Renault and a car dealership in Oman, SBA, according to prosecutors. Can French judges clear Carlos Ghosn’s name? He hopes so 2021-05-26T04:00:00Z In these final few days, the SBA is offering PPP loans only through participating community financial institutions. It's your last chance at a PPP loan. Here's how to apply 2021-05-25T04:00:00Z That included a roughly $18 million grant that SBA awarded to help set up an informational and training hub for small businesses trying to adapt to the coronavirus. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z A spokesperson for the SBA said the agency was “frustrated” with the outcome and remains committed to helping disadvantaged businesses. From 'congratulations' to 'fully canceled': California cafe owners hit roadblock 2021-07-23T04:00:00Z When he turned to an online lender, his application was quickly accepted and sent to the SBA. Saved by online lenders, businesses say they’ll borrow again 2021-05-25T04:00:00Z The SBA's inspector general estimated in January that the agency approved loans for 55,000 potentially ineligible businesses, and that 43,000 obtained more money than their reported payrolls would justify. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z A spokeswoman for the SBA declined to comment. EXCLUSIVE U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations -sources 2021-05-08T04:00:00Z And the White House launched a broader government effort to take aim at identity theft to aid the SBA and other federal agencies now grappling with the problem. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Some money also remains available for lenders to finish processing pending applications, according to a lender who was on a call with SBA officials Wednesday. Paycheck Protection Program runs out of funding 2021-05-04T04:00:00Z The PPP raised the profile of online lenders like PayPal and Square, says Karen Mills, who headed the SBA during the Obama administration and now is a research fellow at Harvard University. Saved by online lenders, businesses say they’ll borrow again 2021-05-25T04:00:00Z Fake farms also showed up repeatedly in the SBA's Economic Injury Disaster Loan Program, according to reports from localnewsoutlets. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z After that, grants will be funded in the order that they’ve been approved by the SBA. Restaurant survival hopes pick up as $28.6B in grants begin 2021-05-03T04:00:00Z In January, the Government Accountability Office estimated that the SBA had already fully extended forgiveness to about $550 billion in loans made under the generous PPP rules that Congress created. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z At issue are grants from the SBA’s Restaurant Revitalization Fund, meant to address the loss of business from the COVID-19 pandemic. In Catch-22, Washington distilleries are forbidden by law from qualifying for federal restaurant aid 2021-05-01T04:00:00Z “I called multiple times and sometimes they would say it’s with the SBA, sometimes they would say they’re reviewing my application,” he said. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The SBA data only reflects approved applications received from lenders, some of which are then caught and not funded. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z Those counties are eligible for physical and economic injury disaster loans, the SBA said. Kentucky businesses, residences can apply for disaster loans 2021-04-27T04:00:00Z The GAO has said it plans to further scrutinize the federal forgiveness process, while the SBA inspector general has included the issue as one of dozens on its target list for oversight in 2022. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Kilmer, a Democrat who represents the 26th District, sent a letter to the SBA requesting a change to the rule. In Catch-22, Washington distilleries are forbidden by law from qualifying for federal restaurant aid 2021-05-01T04:00:00Z Because the Treasury and SBA initially excluded a standard demographic questionnaire from the PPP application, banks did not routinely collect information on the race or gender of borrowers. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The SBA also periodically updates its dataset to remove loans canceled by lenders. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z “We definitely understand that it’s a huge lift for SBA to do this, but this was emergency legislation passed on Dec. 27, and it’s now mid-April,” Lowdermilk said. L.A. club owners confront fresh new hell: a crashed government website and puzzling reopening rules 2021-04-21T04:00:00Z And still another report, issued this January by the PRAC, raised the possibility that another recent SBA program targeting restaurants may suffer from the same problems that had plagued PPP. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z Like other music venue operators — which analysts estimate lost a collective $33 billion in 2020 — he had planned to apply as soon as the SBA portal opened April 8. Glitches derail SBA pandemic-relief program for live music and theater venues 2021-04-19T04:00:00Z A spokeswoman for Salesforce.com, whose technology underpins the system, said the company “worked with SBA to resolve initial technical issues, and we’re continuing our work together to enhance the site’s performance.” U.S. readies small-business grants as PPP nears end 2021-04-19T04:00:00Z “We are focused on strengthening the portal’s performance and user enhancements for when it reopens,” the SBA tweeted Wednesday. After ArcLight Cinemas' closure, what happens next? 2021-04-16T04:00:00Z “When we re-started rigorous testing with our vendors and did additional risk analysis, our teams identified other potential performance issues, which we are working to resolve,” said SBA spokeswoman Andrea Roebker. The show can’t go on: Team Biden fumbles COVID-19 relief for theaters, concert halls 2021-04-15T04:00:00Z The SBA’s Shuttered Venue grants are the latest in a long list of government efforts, state and federal, that have initially faltered to cope with immense demand for COVID-19 economic relief. Get grants moving to help entertainment venues survive 2021-04-14T04:00:00Z But almost immediately, the application site crashed, forcing the SBA to pull the system offline. Glitches derail SBA pandemic-relief program for live music and theater venues 2021-04-19T04:00:00Z An agency spokeswoman said the SBA is confident in its efforts and that they submitted a “thorough and rigorous oversight and audit plan” for the program. SBA doesn’t have enough staff to run its program for helping shuttered venues, watchdog says 2021-04-08T04:00:00Z So, when a student innocently takes the SBA, they aren’t providing data just to caring educators; they are providing it to business. Education: Student assessments 2021-04-02T04:00:00Z Mr. Strickland said it’s his understanding that the SBA was in the process of correcting some of the questions. The show can’t go on: Team Biden fumbles COVID-19 relief for theaters, concert halls 2021-04-15T04:00:00Z “It’s taken a long time to get this going, and the information coming out of the SBA has been all over the place.” Get grants moving to help entertainment venues survive 2021-04-14T04:00:00Z The SBA said Friday that it will share an exact date in advance of the portal’s reopening to give applicants time to prepare. Glitches derail SBA pandemic-relief program for live music and theater venues 2021-04-19T04:00:00Z “The SBA is working hard to support our nation’s entrepreneurs and small businesses and we are committed to continuing assessments and making modifications where appropriate,” SBA spokeswoman Andrea Roebker said in an email. SBA doesn’t have enough staff to run its program for helping shuttered venues, watchdog says 2021-04-08T04:00:00Z Greenberg, according to the indictment, reinstated two corporations that had dissolved, and lied about their operations and the people they employed while the SBA employee took bribes to help process his applications. Gaetz investigation complicated by overture to his father about ex-FBI agent who went missing 2021-03-31T04:00:00Z He said the SBA appears to be “overwhelmed” given their current manpower and technology. The show can’t go on: Team Biden fumbles COVID-19 relief for theaters, concert halls 2021-04-15T04:00:00Z "Currently, the SBA is administering the law as written," SBA spokeswoman Shannon Giles emailed in response to questions. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z Since the SBA reopened the application process in January, about $196 billion of a newly available $284 billion was spoken for. Senate approves two-month extension of application deadline for Paycheck Protection Program 2021-03-25T04:00:00Z Chu serves on the the House Small Business Committee, which oversees the SBA. L.A. nightclubs exhale as stimulus money and even an end to shutdown appear in sight 2021-03-23T04:00:00Z “We just need to ensure that we’ve modernized the SBA,” she said. New SBA head plans changes at agency; focus now is COVID-19 2021-03-22T04:00:00Z “We just need to ensure that we’ve modernized the SBA,” she said. New SBA head plans changes at agency; focus now is COVID-19 2021-03-22T04:00:00Z Meanwhile, the SBA hastily published a rule explicitly barring companies in bankruptcy from participating in its pandemic relief program. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z She was a top official at the SBA during the Obama administration and worked most recently as director of the Office of the Small Business Advocate in California. How your U.S. lawmaker voted 2021-03-20T04:00:00Z The logistics are indeed complex, as the SBA has had to get a national application system in place and must verify which music and arts venues can qualify. L.A. nightclubs exhale as stimulus money and even an end to shutdown appear in sight 2021-03-23T04:00:00Z But the House was poised on Tuesday to pass legislation to extend the deadline for applications from March 31 to May 31 and then allow the SBA another month to process pending applications. More than 4,000 borrowers received duplicate PPP loans in 2020, according to IG report 2021-03-16T04:00:00Z As in a dozen similar federal fraud cases filed during the pandemic, the two defendants’ SBA loan applications were approved by a local bank before being guaranteed by the federal agency. Florida couple claiming to be farmers plead guilty to $1 million pandemic scam 2021-03-09T05:00:00Z "The SBA's argument for not allowing Chapter 11 debtors is that the risk of nonpayment is high," Udell said. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z Confirming SBA head: By a vote of 81 for and 17 against, the Senate on Tuesday confirmed Isabel C. Guzman, 49, as administrator of the Small Business Administration. How your U.S. lawmaker voted 2021-03-20T04:00:00Z But that seems a little less worrisome now that the SBA has announced a start date for applications. L.A. nightclubs exhale as stimulus money and even an end to shutdown appear in sight 2021-03-23T04:00:00Z The SBA said it is working to claw back any improper payments. More than 4,000 borrowers received duplicate PPP loans in 2020, according to IG report 2021-03-16T04:00:00Z More than two dozen Republican senators, including Braun, penned a letter in January to the SBA demanding the return of the money. GOP senators target abortion access, trans athletes in proposed changes to COVID relief bill 2021-03-05T05:00:00Z The company’s ability to hold on to that status even as its revenue climbed into the billions is aided by how the SBA defines small businesses under the law. Pentagon awarded massive contract to Virginia company a U.S. senator called ‘fraudulent’ 2021-02-18T05:00:00Z Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. Loans available for businesses, others damaged by fall rain 2021-02-15T05:00:00Z “The SBA has never operated a grant program like this. It’s had to build a completely new system for grant dispersal,” Chu said. L.A. nightclubs exhale as stimulus money and even an end to shutdown appear in sight 2021-03-23T04:00:00Z Through Aug. 8, the SBA issued 8,731 loans to 4,260 borrowers with the same tax ID number or address as another borrower, the inspector general’s report found. More than 4,000 borrowers received duplicate PPP loans in 2020, according to IG report 2021-03-16T04:00:00Z A representative of the SBA said the agency’s hands are tied. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z A person familiar with the matter confirmed that the Defense Department inspector general referred the issue to the SBA rather than conduct an in-depth investigation of its own. Pentagon awarded massive contract to Virginia company a U.S. senator called ‘fraudulent’ 2021-02-18T05:00:00Z The figures were the first released by the SBA since the program reopened earlier this month. Oakland woman charged in $4.5M coronavirus relief loan scheme 2021-02-06T05:00:00Z That time might be months away, but the SBA’s grants may ensure that stages are still open. L.A. nightclubs exhale as stimulus money and even an end to shutdown appear in sight 2021-03-23T04:00:00Z Already one of the largest federal aid efforts ever, the SBA reopened the Paycheck Protection Program last month with a new infusion of nearly $300bnn. US Catholic dioceses received $3bn in government aid while sitting on billions 2021-02-04T05:00:00Z The SBA — and by extension the PPP lenders that act as agents for the government — are just following the rules as established by Congress. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z Defense Logistics Agency spokesman Patrick Mackin said that the SBA, not the Defense Department, is the government body responsible for setting size standards and determining whether individual businesses qualify. Pentagon awarded massive contract to Virginia company a U.S. senator called ‘fraudulent’ 2021-02-18T05:00:00Z Already one of the largest federal aid efforts ever, the SBA reopened the Paycheck Protection Program last month with a new infusion of nearly $300 billion. Sitting on billions, Catholic dioceses amassed taxpayer aid 2021-02-03T05:00:00Z The SBA data on franchise affiliations, which the agency had not previously released, shows loans to franchises saved almost 2.5 million jobs, although experts say the SBA’s estimates of PPP job retention are badly inflated. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z Outgoing SBA administrator Jovita Carranza characterized the regulation as an effort to give religious businesses the same rights as other businesses. Last-minute regulation would make religious businesses eligible for taxpayer-backed SBA loans 2021-01-20T05:00:00Z Despite the tough talk on rules, the SBA and participating banks have shown flexibility in applying them. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z It’s unclear whether the SBA will take issue with anti-vaccination groups receiving PPP funding. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z “SBA, in consultation with Treasury, is working around the clock to fulfill this congressional desire ... and urges lending partners of all sizes to continue assisting eligible small businesses,” he added in an emailed statement. Under government pressure, big U.S. lenders rush to launch more pandemic loans-sources 2021-01-19T05:00:00Z SBA representatives did not respond to requests for comment. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z Churches, mosques and other faith-based organizations have benefited widely from SBA loans as the PPP has been implemented over the past year. Last-minute regulation would make religious businesses eligible for taxpayer-backed SBA loans 2021-01-20T05:00:00Z But SBA spokeswoman Giles says lenders have discretion in how they interpret that language: Some banks use the company’s first day of business, while others use the day the company was incorporated. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z The SBA does not hand out the loans itself; rather, it empowers a network of approved lenders to quickly process them on its behalf. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z “The SBA and Treasury are pushing because of the economic need. They’re just trying to do the right thing,” he added. Under government pressure, big U.S. lenders rush to launch more pandemic loans-sources 2021-01-19T05:00:00Z In a departure from the first rounds of funding, the SBA says it plans to conduct automated eligibility checks before disbursing funds. Debt collectors, payday lenders collected over $500 million in federal pandemic relief 2021-01-15T05:00:00Z If the rule were finalized, it would open up seven SBA loan programs to a range of religious-affiliated businesses, such as Christian publishers and for-profit schools affiliated with religious organizations. Last-minute regulation would make religious businesses eligible for taxpayer-backed SBA loans 2021-01-20T05:00:00Z SBA representatives did not answer repeated questions about the rules the agency created for sole proprietors. ‘It was a joke’: Some small businesses got $1 relief loans 2021-01-11T05:00:00Z The SBA has previously said in informational materials that a business appearing in its PPP loan database “doesn’t mean that SBA has made an affirmative declaration that a borrower is eligible.” The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z But the first industry source said with so much confusion over who was eligible for second-time loans, he was more worried the SBA would reject applications. Under government pressure, big U.S. lenders rush to launch more pandemic loans-sources 2021-01-19T05:00:00Z After the program was criticized last year for allowing fraudsters and big companies get cash, the SBA is introducing new safeguards. Factbox: What's new in the next round of U.S. small business pandemic loans 2021-01-11T05:00:00Z The new SBA regulation would also institutionalize a key aspect of the Paycheck Protection Program, a massive coronavirus relief program that offered well over $500 billion in loans to a range of business and nonprofits. Last-minute regulation would make religious businesses eligible for taxpayer-backed SBA loans 2021-01-20T05:00:00Z By prioritizing smaller lenders, the SBA hopes to address criticism from lawmakers that minority and women-owned businesses did not get enough money during the first two PPP rounds last year compared with bigger businesses. U.S. small businesses to get more cash as pandemic loan program re-opens 2021-01-11T05:00:00Z Although the SBA reserves the right to audit specific PPP loans, the government performed almost no vetting of specific loan recipients beyond a basic check to determine whether the applicant had already received a loan. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z The SBA is allowing some first-time recipients to get a second PPP loan, but not all of them. How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z Previously, the SBA automatically approved loans that met basic criteria, but this time will conduct automated overnight identity management and data verification checks to ensure the money is going to legitimate businesses. Factbox: What's new in the next round of U.S. small business pandemic loans 2021-01-11T05:00:00Z The sources said the SBA will be more vigilant in approving loan applications this time round. U.S. to introduce fraud checks for small business pandemic aid program -sources 2021-01-08T05:00:00Z To address worries over fraud, the SBA is also introducing new due diligence checks. U.S. small businesses to get more cash as pandemic loan program re-opens 2021-01-11T05:00:00Z Carol Wilkerson, a spokeswoman for the SBA, declined to comment on whether the anti-vaccine organizations were legally eligible for the loans they received. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z The SBA is preparing to release new applications for both first-time and returning applicants. How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z The SBA is expected to announce soon the date when it will begin accepting loan applications. More coronavirus relief on the way for small businesses 2021-01-08T05:00:00Z A senior SBA official declined to comment on the process changes but said “lessons learned” from the previous rounds were being implemented. U.S. to introduce fraud checks for small business pandemic aid program -sources 2021-01-08T05:00:00Z While lenders say the changes are positive, some are worried they may cause some initial snags, especially as the updated application forms and SBA rule guidance were only released on Friday. U.S. small businesses to get more cash as pandemic loan program re-opens 2021-01-11T05:00:00Z The SBA didn’t say when that next round of lending would open. U.S. suspends 25% tariff on French goods as it widens review of digital taxes 2021-01-07T05:00:00Z SBA and Treasury Department officials say they believe the current $284 billion round of funding will be more than enough. How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z The SBA offers a wide range of information online. Illinois Editorial Roundup: 2021-01-05T05:00:00Z The recent data from the SBA provided a more in-depth look at businesses that received loans than data released on July 6. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z The study based on the first SBA data release found that in parts of the country where there were concentrations of businesses owned by Blacks, the percentage of loans was far below the national average. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z Christopher Hatch, a spokesman for the SBA, said that agency and Treasury were working to ensure “the next round of PPP is launched as quickly as possible.” Treasury will try to start sending stimulus checks by end of week, rushing after Trump’s delay 2020-12-28T05:00:00Z Christopher Hatch, a spokesman for the Small Business Administration, said the SBA and Treasury were working to ensure “the next round of PPP is launched as quickly as possible.” Treasury, White House face enormous pressure to quickly disburse stimulus aid after Trump’s delay 2020-12-28T05:00:00Z That includes “suspicious financial flows” between Renault and the SBA car dealership in Oman. French investigators to question Carlos Ghosn in Lebanon 2020-12-26T05:00:00Z The study based on the first SBA data release found that in parts of the country where there were concentrations of businesses owned by Blacks, the percentage of loans was far below the national average. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z The outreach brought in thousands of last-minute applications, the SBA data show. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z The SBA defended its handling of the program. Trump campaign vendors got millions in COVID aid while being paid over $60M by Trump committees 2020-12-16T05:00:00Z Approval means SBA low-interest disaster loans are available to people and businesses recovering from the November storm. Cooper signs disaster declaration for N. Carolina counties 2020-12-16T05:00:00Z SBA officials say the program remains a success and point to data showing that three-quarters of loans went to businesses with nine or fewer employees, and that 87 percent were for $150,000 or less. Small-business loans to big companies prompt Congress to overhaul PPP rules 2020-12-11T05:00:00Z The outreach brought in thousands of last-minute applications, the SBA data show. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z The recent data from the SBA provided a more in-depth look at businesses that received loans than data released on July 6. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z An SBA spokesperson said that the agency could not provide any additional details regarding the reported loan. A Maine farm no one has heard of received $1.2M PPP loan 2020-12-09T05:00:00Z “We’re very much focused on the damage that could be done through the executive branch and in particular at HHS, this is an area where abortion comes up frequently,” said SBA List spokeswoman Mallory Quigley. ‘An abortion activist plain and simple’: Biden HHS nominee tests GOP’s pro-life resistance 2020-12-07T05:00:00Z A bipartisan group of senators unveiled plans Tuesday for another $908 billion in stimulus, including nearly $300 billion in new funding for the Paycheck Protection Program and other SBA programs. More than half of emergency small-business funds went to larger businesses, new data shows 2020-12-01T05:00:00Z An SBA spokesperson defended the program in a statement published along with the data. Two dozen businesses at Trump and Kushner properties received federal loans, new PPP data shows 2020-12-02T05:00:00Z SBA calculated loan amounts based on monthly payroll figures and capped loans at a maximum of $10 million. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z “The agency isn’t able to provide a timeframe on the resolution of many identity theft complaints,” SBA spokeswoman Elizabeth Moisuk said in response to an email. A Maine farm no one has heard of received $1.2M PPP loan 2020-12-09T05:00:00Z Applicants may apply online at DisasterLoan.sba.gov under SBA declaration No. 16404 or download applications at sba.gov/disaster. Dec. 28 deadline for loans for Mississippi Feb. flood damage 2020-11-26T05:00:00Z The SBA calculated loan amounts based on monthly payroll figures and capped loans at a maximum of $10 million. More than half of emergency small-business funds went to larger businesses, new data shows 2020-12-01T05:00:00Z Hours before the SBA published the data on Tuesday, a bipartisan group of senators introduced a new $908 billion stimulus plan. Two dozen businesses at Trump and Kushner properties received federal loans, new PPP data shows 2020-12-02T05:00:00Z Later the SBA sent letters to dozens of Planned Parenthood nonprofits, which offer a range of health-care services including abortions, demanding that they return the loan funds. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z The couple immediately contacted the SBA and are awaiting a response. A Maine farm no one has heard of received $1.2M PPP loan 2020-12-09T05:00:00Z Individual and SBA assistance is being sought for George, Greene, Hancock, Harrison, Jackson and Stone counties. Mississippi counts nearly $90M in Zeta damages 2020-11-25T05:00:00Z In other cases, the SBA sought to claw back funding from loan recipients that were seen as controversial. More than half of emergency small-business funds went to larger businesses, new data shows 2020-12-01T05:00:00Z Treasury Department and SBA officials argued that the overwhelming majority of the loans — as of August, more than 87% — were for less than $150,000, most of which benefited smaller operations. Two dozen businesses at Trump and Kushner properties received federal loans, new PPP data shows 2020-12-02T05:00:00Z A bipartisan group of senators unveiled plans Tuesday for another $908 billion in stimulus, including nearly $300 billion in new funding for PPP and other SBA programs. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z “Evidence of waste, fraud and abuse with any of SBA’s loan programs is not tolerated and should be reported.” A Maine farm no one has heard of received $1.2M PPP loan 2020-12-09T05:00:00Z SBA assistance provides low-interest loans to eligible individuals and businesses. Mississippi counts nearly $90M in Zeta damages 2020-11-25T05:00:00Z Later the SBA sent letters to dozens of Planned Parenthood nonprofits, which offer a range of health-care services including abortions, demanding they return the funds. More than half of emergency small-business funds went to larger businesses, new data shows 2020-12-01T05:00:00Z A federal judge ruled Nov. 5 that the SBA must release borrower and loan information about the federal Paycheck Protection Program by Nov. 19. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z In other cases the SBA sought to claw back funding from loan recipients that were seen as controversial. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z The couple received a notice from the SBA last month indicating that starting next September the farm would need to start repaying $730 per month on its loan. A Maine farm no one has heard of received $1.2M PPP loan 2020-12-09T05:00:00Z In a subsequent tweet addressing the flamethrower incident, the SBA wrote: "Wonder what social worker wants to talk to him?" Man with a flamethrower stands atop NYC bus and fires away 2020-11-17T05:00:00Z Tuesday proved successful for several of the candidates boosted by SBA List and its allies. Pro-life group to spend $4 million on anticipated Georgia runoffs for U.S. Senate 2020-11-05T05:00:00Z An SBA representative declined to comment Friday on whether the agency plans to appeal. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z The SBA cited the example of Chief of Department Terence Monahan when he kneeled with Black Lives Matter protesters, for which “no disciplinary action was issued.” NYPD union endorses Trump, says president has 'undisputed record of supporting police' 2020-11-03T05:00:00Z When their applications were approved, they deposited the cash they received from the SBA in Wells Fargo accounts — greed compounded by stupidity. Review | Corruption and greed in America’s new Gilded Age 2020-10-22T04:00:00Z Ms. Musgrave said she thinks each of the newly endorsed candidates shares SBA List’s understanding of an urgent need to enact policies protecting unborn children. Pro-life group mounts late push for 11 congressional candidates 2020-10-21T04:00:00Z Earlier this week, SBA List said that when all the votes are counted, it anticipates that 13 new pro-life women lawmakers will win election to the House alongside 11 incumbent congresswomen. Pro-life group to spend $4 million on anticipated Georgia runoffs for U.S. Senate 2020-11-05T05:00:00Z “Borrowers are already suffering from the dramatic decrease in economic activity the pandemic inflicted,” federal attorneys representing the SBA wrote. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z “Suspending this officer is unnecessary & way over the top,” the SBA tweeted. NYPD union endorses Trump, says president has 'undisputed record of supporting police' 2020-11-03T05:00:00Z The SBA plans to review PPP loans over $2 million and its inspector general recently said there were “strong indicators of widespread potential abuse and fraud.” U.S. banks sweat regulatory exposure from pandemic loans 2020-10-21T04:00:00Z “Change comes from desperate firms trying new things,’’ said Giuseppe Gramigna, a small business consultant and former chief economist at the SBA. A small Virginia city struggles to save its local businesses 2020-10-14T04:00:00Z The letter asks the SBA to investigate the 17 loans and respond by Monday. How has this hotel firm spent its PPP money? Eight members of Congress want to know 2020-10-13T04:00:00Z After the SBA failed to respond in the time required by law, The Post and 10 other national news organizations eventually sued for the release of this PPP loan information. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z “We are asking the SBA IG to investigate this matter to ensure that taxpayer dollars were not improperly sent to an organization primarily engaged in political activities when SBA rules specifically prohibit it.” Conservative group to argue that Media Matters should have been ineligible for PPP loan 2020-09-28T04:00:00Z An SBA spokesman did not respond to an emailed request for comment. Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z They also coincide with the last days of another SBA program, the $525 billion Paycheck Protection Program, which concluded on Aug. 8. U.S. banks say suspected business-loan fraud rose sharply last month 2020-09-24T04:00:00Z SBA List said it prefers Judge Barrett because she is known to grassroots supporters and because she was previously vetted for the vacancy that Mr. Trump filled with the appointment of Justice Brett M. Kavanaugh. Susan B. Anthony List huddles with Trump on Supreme Court vacancy, favors Amy Coney Barrett 2020-09-21T04:00:00Z The SBA balked at providing exact loan figures for any of the loans as well as borrower information for loans of less than $150,000, an estimated 87 percent of all PPP loans. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z That choice puzzled financial experts who spoke with Salon, and one SBA official described it as "weird." Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z The SBA’s initial rules allowed for businesses to self-certify that “current economic uncertainty” made the loan “necessary to support the ongoing operations of the applicant.” Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z The Project on Government Oversight, a Washington-based nonprofit, published an article earlier this month noting the spike in business-loan fraud reports through July and their potential connection to SBA programs. U.S. banks say suspected business-loan fraud rose sharply last month 2020-09-24T04:00:00Z He never landed the top, cabinet-level slot at SBA, but was brought on as a Southern regional advocate. Exclusive: How a pro-Trump Black group became an off-the-books Turkish lobbying campaign 2020-09-04T04:00:00Z Boasberg rejected these arguments, issuing an order requiring the SBA to release the names, addresses and precise loan amounts of all individuals and entities that obtained the PPP loans by Thursday. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z According to the SBA's loan database, WorldCapital registered as an "S Corp" and is therefore required to pay all employees a "reasonable" salary tied to industry norms. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z The company also availed itself of a $1.7 million PPP loan to support 91 employees, according to SBA and SEC records. Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z In other cases, the SBA’s jobs claim for entire industries surpasses the total number of workers in those sectors. Mnuchin says significant new aid package still needed to help economy recover from coronavirus 2020-09-01T04:00:00Z Because the SBA only audited loans exceeding $2 million, about 99% of the awards received little or no oversight, the investigators said. House panel warns of fraud, abuse in business aid program 2020-09-01T04:00:00Z The Treasury Department and the SBA did not immediately respond to requests for comment. Thousands of small-business loans may have been fraudulent, House panel finds 2020-09-01T04:00:00Z An SBA official and multiple financial experts told Salon that because PPP loans are allocated to a company by its tax identification number, a company can only put those funds toward paying its own employees. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z An SBA spokesperson refused to comment on any specific loan recipient. Jim Bakker gets PPP loans during legal fight on fraud claims 2020-08-24T04:00:00Z “The modern Democratic Party supports abortion on demand up until the moment of birth,” said Mallory Quigley, an SBA List spokeswoman. Analysis: Abortion fight evolves, overshadowed in 2020 but with huge stakes 2020-08-18T04:00:00Z Representatives from the Small Business Administration and Atlantic Diving Supply did not comment on the company’s receipt of SBA loans. Defense contractor with billions in sales got millions in pandemic loans intended for small businesses 2020-08-03T04:00:00Z The SBA disclosures show loans above $150,000 that were approved by banks; not everyone necessarily received the money, and specific dollar amounts weren't released. Sen. Susan Collins altered coronavirus relief legislation amid lobbying from longtime former aide 2020-08-07T04:00:00Z President Donald Trump signed the PPP loan program into law on April 24, four days before the SBA approved WorldCapital Payroll's loan. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z Continental and Honghua did not immediately respond to requests for comment and the SBA declined to comment. U.S. lawmaker calls on Trump administration to review stimulus loans to China-linked firms 2020-08-05T04:00:00Z On Wednesday, Mr. Pence and SBA List will campaign in Tampa, Florida, and visit a pregnancy center in Pinellas Park. Planned Parenthood targets Susan Collins with $1.7 million voter turnout plan 2020-08-04T04:00:00Z If ADS were declared “no longer small,” it would not only be ineligible for SBA coronavirus assistance, but would also be forbidden from competing on small business set-aside contracts that drive its business. Defense contractor with billions in sales got millions in pandemic loans intended for small businesses 2020-08-03T04:00:00Z Hotel lobbyists countered that even though some chains wouldn't ordinarily be eligible for SBA loans, their participation in the PPP was still consistent with the program's goal of saving jobs at risk from the pandemic. Sen. Susan Collins altered coronavirus relief legislation amid lobbying from longtime former aide 2020-08-07T04:00:00Z It is a small institution, not listed among the SBA's top 100 most active lenders as of June 30, 2020. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z The SBA will forgive the PPP loans if all employee retention criteria are met, and the funds are used for eligible expenses. Friends of Sinners not allowing pandemic to affect mission 2020-08-02T04:00:00Z A separate economic injury disaster loan from the SBA give him some breathing room, but also presents a dilemma. With loan money gone, restaurants are at mercy of coronvirus 2020-08-02T04:00:00Z That SBA review determined that ADS was “other than small,” which temporarily blocked the company from bidding on set-aside contracts. Defense contractor with billions in sales got millions in pandemic loans intended for small businesses 2020-08-03T04:00:00Z Inspector General Hannibal “Mike” Ware kicked off his investigation after getting complaints regarding more than 5,000 instances of suspected fraud from financial institutions receiving SBA economic injury loan deposits. Opinion | Covid-19 relief programs are riddled with suspected fraud. What’s going on here? 2020-07-31T04:00:00Z The lawmakers asked the SBA to address a series of items — including how it arrived at the “jobs retained” figure and whether the SBA made efforts to independently verify data. U.S. lawmakers, Bank of America press small business agency to fix PPP lending data 2020-07-29T04:00:00Z Clubs sued, and two federal judges rebuked the SBA for excluding the establishments from receiving the forgivable loans meant to protect jobs amid the health crisis. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z The data released by the SBA July 6 does show that by June 30, 85% of the PPP loans had been for less than $150,000. Size mattered: Big companies got coronavirus loans first 2020-07-20T04:00:00Z Trinity Episcopal Church outside Houston retained, praise the Lord, more than 500 jobs, thus saith the SBA. Opinion | The horror story of how the Trump administration has handled PPP loans 2020-07-17T04:00:00Z She would likely contend, as does Trump whenever he is apprised of his administration’s performance, that the SBA is doing a great job. Opinion | Covid-19 relief programs are riddled with suspected fraud. What’s going on here? 2020-07-31T04:00:00Z A spokesman for the SBA did not immediately provide comment on Tuesday, but Carranza said during a hearing this month that she was willing to address errors. U.S. lawmakers, Bank of America press small business agency to fix PPP lending data 2020-07-29T04:00:00Z His bank in Philadelphia denied the loan, citing SBA rules. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z Although the evidence points to big loans going to the head of the line at banks, it’s not clear what happened once applications entered the SBA system. Size mattered: Big companies got coronavirus loans first 2020-07-20T04:00:00Z And according to the SBA, the manufacturer International Dunnage of Thunderbolt, Ga., saved more than 500 jobs. Opinion | The horror story of how the Trump administration has handled PPP loans 2020-07-17T04:00:00Z Is the Trump administration, besieged by a recession and visions of an Election Day disaster, hoping to flood the country with SBA cash by putting money on the stump and running like hell? Opinion | Covid-19 relief programs are riddled with suspected fraud. What’s going on here? 2020-07-31T04:00:00Z In the oversight hearing Friday morning before a House committee reviewing the Cares Act small business program, lawmakers pressed Mnuchin and SBA Administrator Jovita Carranza for answers about PPP and a related emergency loan program. Mnuchin suggests Treasury, SBA should forgo verifying how small business loans were spent 2020-07-17T04:00:00Z “Under those guidelines, applicants were responsible for certifying that they met applicable SBA eligibility requirements, and lenders were not required to independently verify such eligibility,” she said. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z The SBA did not respond to a request for comment. Size mattered: Big companies got coronavirus loans first 2020-07-20T04:00:00Z Callers to the SBA’s application hotline who struggle to answer basic questions about their business or who are laser-focused on obtaining the advance rather than discussing loan terms were also earmarked for extra scrutiny. SBA grant program attracting the wrong kind of attention 2020-07-15T04:00:00Z However, Nuage said the money helped support only 10 full-time employees — far fewer than 500 jobs that the SBA data claims were saved. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z In a memo distributed to lawmakers before Friday’s hearing, Velázquez described the SBA’s recent release of some loan data as “a welcome first step towards providing full transparency around the loan programs.” Mnuchin suggests Treasury, SBA should forgo verifying how small business loans were spent 2020-07-17T04:00:00Z Lawrence said she is frustrated the SBA is squeezing her industry just as she is getting back on her feet and the stage. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z At the start, only established SBA lenders could take applications, limiting businesses’ ability to apply. Size mattered: Big companies got coronavirus loans first 2020-07-20T04:00:00Z At a July 1 House Small Business Committee hearing, lawmakers castigated James Rivera, SBA’s associate administrator, for lengthy delays in processing loan applications. SBA grant program attracting the wrong kind of attention 2020-07-15T04:00:00Z Different jobs numbers were listed for those companies on their applications when they were sent to the SBA, according to bank spokesman Rob Brough. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z The Washington Post is among 11 news organizations suing the SBA for records about companies that received loans from both programs after the agency failed to release the information following Freedom of Information Act requests. Mnuchin suggests Treasury, SBA should forgo verifying how small business loans were spent 2020-07-17T04:00:00Z Will the SBA allow clubs that have not won a court order to participate? Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z Representative James Clyburn, a South Carolina Democrat who is chairman of the Select Subcommittee on the Coronavirus Crisis, pressed the SBA watchdog in a letter to investigate the issue, citing the Reuters report. Internal U.S. small business watchdog launches inquiry into duplicate pandemic loans 2020-07-14T04:00:00Z On June 15, the SBA announced the program would resume accepting requests from all applicants. SBA grant program attracting the wrong kind of attention 2020-07-15T04:00:00Z Jack Heath, president of Washington Trust Bank in Spokane, Wash., said he was alarmed to see zero “jobs retained” in the SBA data for some of his bank’s loans. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z “The one size fits all approach SBA took in this regard shortchanged millions of small businesses who are in dire need of economic relief and threatens their survival,” Velázquez wrote. Mnuchin suggests Treasury, SBA should forgo verifying how small business loans were spent 2020-07-17T04:00:00Z District Court for the Eastern District of Michigan to issue a ruling in May ordering the SBA to work with more than 50 strip clubs. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z Representatives of the SBA did not respond immediately to a request for comment on Tuesday. Internal U.S. small business watchdog launches inquiry into duplicate pandemic loans 2020-07-14T04:00:00Z The family offices identified by Reuters usually applied for the SBA loans in March or April, when financial markets were substantially lower or some of their portfolio companies were struggling. Amid pandemic, wealthy U.S. families approved for government loans 2020-07-13T04:00:00Z Wells Fargo issued 3,900 loans of more than $150,000, and every single applicant listed nothing in the jobs field, according to the SBA data. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z The SBA released detailed instructions June 16 showing how borrowers should petition their PPP lenders for loan forgiveness. Mnuchin suggests Treasury, SBA should forgo verifying how small business loans were spent 2020-07-17T04:00:00Z An SBA representative did not directly respond to questions about the discrepancies surrounding the loans. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z The SBA launched the program on April 3 to help keep workers at struggling businesses employed. Internal U.S. small business watchdog launches inquiry into duplicate pandemic loans 2020-07-14T04:00:00Z The law that created the Paycheck Protection Program let nonprofits participate, as long as they abided by SBA’s “affiliation rule.” AP: After lobbying, Catholic Church won $1.4B in virus aid 2020-07-10T04:00:00Z But the SBA directs companies to count employees of foreign affiliates to determine whether they meet the loan program’s 500-employee eligibility cap. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z Eventually, the SBA released the data in separate tranches: loans up to $150,000, which do not name any applicants; and loans above $150,000, which do. White House press secretary Kayleigh McEnany's parents received at least $1 million in relief funds 2020-07-09T04:00:00Z A spokeswoman for PNC declined to comment on specific loans, but said the bank sought to process all applications in accordance with SBA guidelines. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z In the case of the duplicate loan approvals, a blind spot in SBA’s loan processing system failed to catch when some borrowers submitted applications multiple times, typically through different lenders, Reuters reported. Internal U.S. small business watchdog launches inquiry into duplicate pandemic loans 2020-07-14T04:00:00Z SBA did not respond to written questions and requests for comment. AP: After lobbying, Catholic Church won $1.4B in virus aid 2020-07-10T04:00:00Z The SBA did not respond to questions about whether that means non-U. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z The PPP loan allowed the company to keep 41 jobs, according to SBA data. Three Kushner family companies scored millions in coronavirus bailout funds 2020-07-08T04:00:00Z “The ball is in the SBA’s court right now,” said Brad Shafer, an attorney who convinced a federal judge in the U.S. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z That data - released jointly by the SBA and the U.S. Trump administration says pandemic aid saved 51 million jobs. Did it? 2020-07-08T04:00:00Z It accused the SBA of overreaching by blocking bankruptcy applications when Congress didn’t spell that out. AP: After lobbying, Catholic Church won $1.4B in virus aid 2020-07-10T04:00:00Z The SBA also instructs businesses to count all employees, whether they work full or part time. Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z Companies applying for the money were required to certify that the money was “necessary to support the ongoing operations,” while taking into account “their ability to access other sources of liquidity,” the SBA’s website states. Treasury, SBA data show small-business loans went to private-equity backed chains, members of Congress 2020-07-06T04:00:00Z To keep employees paid while he and his partners poured up to $50,000 into cleaning and safety improvements like installing UV-light purification systems in the air ducts, he turned to the SBA for funding. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z The company said the loan would save 160 jobs, according to the SBA. Kanye West's clothing brand, Hollywood production companies on pandemic loan list 2020-07-06T04:00:00Z Even so, the archdiocese’s parishes, schools and other organizations have received at least $1.7 million as it sues the SBA for approval to get a loan for its headquarters, according to bankruptcy filings. AP: After lobbying, Catholic Church won $1.4B in virus aid 2020-07-10T04:00:00Z For every loan offered to businesses under the program, the SBA lists a number of “jobs retained.” Faulty data collection raises questions about Trump’s claims on PPP program 2020-07-14T04:00:00Z Treasury and SBA officials say the program helped support about 51 million jobs, according to self-reported data provided by borrowers. Treasury, SBA data show small-business loans went to private-equity backed chains, members of Congress 2020-07-06T04:00:00Z Running afoul of the still-unclear SBA rules poses a potential hazard for lenders, who risk getting stuck with unforgiven loans on their books or litigation, lawyers said. Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid 2020-07-21T04:00:00Z The money helped retain 500 jobs, according to the SBA data. More than 580,000 California companies got PPP loans. Here's what we know 2020-07-06T04:00:00Z Collins’ office noted that the SBA concluded that nearly 80% of estimated small business payroll was covered by the loans in Maine. Legislative leaders among thousands who benefited from loans 2020-07-06T04:00:00Z “The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators,” said SBA Administrator Jovita Carranza. Trump discloses more than 600,000 Paycheck Protection loan recipients 2020-07-06T04:00:00Z The SBA is also making what are called economic injury disaster loans and grants available to businesses. Q&A: The nuts and bolts of the Paycheck Protection Program 2020-07-06T04:00:00Z The Treasury Department and SBA did not originally intend to disclose the recipients of PPP loans. Struggling EV startup Byton received paycheck protection loan in April 2020-07-06T04:00:00Z The Treasury and SBA said they were releasing data for more than half a million loans of $150,000 or more, including recipient name, address, business type, jobs supported, and some demographic information. U.S. Treasury to name small businesses that took pandemic aid, says 51.1 million jobs supported 2020-07-06T04:00:00Z On Monday, the SBA released the names of businesses receiving loans over $150,000, or less than 20% of all recipients. Legislative leaders among thousands who benefited from loans 2020-07-06T04:00:00Z When Little arrived at SBA, he told Robbins about the goal. North Carolina teen threw the 2nd fastest pitch in history 2020-07-06T04:00:00Z Owners need to apply directly to the SBA through its website, www.sba.gov. Q&A: The nuts and bolts of the Paycheck Protection Program 2020-07-06T04:00:00Z The SBA’s inspector general found in May that some rural, minority and women-owned businesses may not have received loans due to a lack of prioritization from the agency. Trump approves 5-week extension for small business pandemic loan applications 2020-07-04T04:00:00Z But as of Friday afternoon — a government holiday — the Treasury Department and SBA did not indicate any plans to release the data. Treasury, SBA appear to miss deadline to disclose small business loan data 2020-07-03T04:00:00Z Clyburn’s initial letter to the eight national banks requested that they and the administration “release the names of all PPP borrowers—as the SBA routinely does for similar loan programs.” Scalise urges Clyburn to withdraw probe into implementation of PPP at big banks 2020-07-02T04:00:00Z In ZIP codes where a majority of people are Black, the SBA approved 28% of the applications. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z It will be up to Congress to decide what to do with any leftover funds, an SBA spokeswoman said. Billions of dollars in aid for small businesses go unclaimed 2020-06-29T04:00:00Z Applicants are required to apply through their banks, which then send loans to SBA for final approval. SBA exempted lawmakers, federal officials from ethics rules in $660 billion loan program 2020-06-26T04:00:00Z Spokesmen for the Treasury Department and SBA did not return requests for comment Friday on the reason for the delay. Treasury, SBA appear to miss deadline to disclose small business loan data 2020-07-03T04:00:00Z Last week, the Treasury Department and SBA relented to pressure from lawmakers and watchdogs and agreed to publicly disclose details on which businesses received loans under the program. Trump administration to give Congress full virus loan data 2020-06-26T04:00:00Z SBA disaster loans help businesses, nonprofits, homeowners and renters repair or replace damaged property. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z It was not until May 22, seven weeks after the program began, that the SBA and the Treasury Department released the first instructions and applications for loan forgiveness. Billions of dollars in aid for small businesses go unclaimed 2020-06-29T04:00:00Z He said the SBA is of particular concern for ethics watchdogs. SBA exempted lawmakers, federal officials from ethics rules in $660 billion loan program 2020-06-26T04:00:00Z At a House Financial Services Committee hearing on Tuesday, Mnuchin said the Treasury Department and SBA would release the data by the end of this week. Treasury, SBA appear to miss deadline to disclose small business loan data 2020-07-03T04:00:00Z Treasury Secretary Steven Mnuchin surprised many lawmakers when he declared at a recent hearing that the Treasury Department and SBA would not be revealing information on who got PPP loans. Treasury sent more than 1 million coronavirus stimulus payments to dead people, congressional watchdog finds 2020-06-25T04:00:00Z The SBA released the records last year in response to a public records request from the Center for Public Integrity, which posted the data on its website. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z The SBA has so far only provided general information about the beneficiaries of its loans, such as the industry they are in and the state in which they are located. Watchdogs: Treasury too secretive on small business loans 2020-06-21T04:00:00Z Scott Amey, general counsel with the nonprofit Project on Government Oversight, expressed concern that the SBA is waiving its normal ethics rules as it rushes to spend hundreds of billions of dollars. SBA exempted lawmakers, federal officials from ethics rules in $660 billion loan program 2020-06-26T04:00:00Z The SBA has so far only provided general information about the beneficiaries of its loans, such as the industry they are in and the state in which they are located. Watchdogs: Treasury too secretive on small business loans 2020-06-21T04:00:00Z He backtracked under pressure, and the SBA is now promising to release this data publicly in the near term. Treasury sent more than 1 million coronavirus stimulus payments to dead people, congressional watchdog finds 2020-06-25T04:00:00Z E&E News also analyzed publicly available SBA databases showing the amount of disaster lending each year by ZIP code and the corresponding damage. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z At least 300 publicly-traded companies received small business loans, prompting the SBA to retroactively change its rules with respect to those organizations. In big reversal, Treasury and SBA agree to disclose details about many small business loan recipients 2020-06-19T04:00:00Z Despite a brief claim by Treasury Secretary Steven Mnuchin that PPP borrowers would not be disclosed, the SBA announced last week that it plans to disclose the names of borrowers receiving at least $150,000. SBA exempted lawmakers, federal officials from ethics rules in $660 billion loan program 2020-06-26T04:00:00Z He told The Associated Press the SBA would correct the record if the tweet was false, but the tweet was still up on Friday. NOT REAL NEWS: A look at what didn’t happen this week 2020-06-19T04:00:00Z It recommends that the Labor Department, in consultation with Treasury and the SBA, immediately provide assistance to state unemployment agencies to help them address this issue. Treasury sent more than 1 million coronavirus stimulus payments to dead people, congressional watchdog finds 2020-06-25T04:00:00Z The SBA does not track the race of people who apply for disaster loans. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z For loans below the $150,000 threshold, business names will be redacted, while Zip code, industry, business type and other demographic categories will be released in some detail, the SBA said. In big reversal, Treasury and SBA agree to disclose details about many small business loan recipients 2020-06-19T04:00:00Z “The Administration should release the names of all PPP borrowers—as the SBA routinely does for similar loan programs,” Clyburn wrote, in a letter also signed by Reps. Treasury defends not releasing PPP loan info, cites small business privacy concerns 2020-06-17T04:00:00Z The SBA said in a news release Friday that it changed the eligibility threshold for business owners with felony criminal records “in furtherance of President Trump’s leadership and bipartisan support on criminal justice reform.” Civil rights groups challenge loan rules on criminal records 2020-06-16T04:00:00Z The SBA has said it will audit loans over $2 million. Did elite David Boies law firm get a pandemic bailout? It's a secret 2020-06-16T04:00:00Z It’s also an anomaly because the SBA collects and publishes race data for other loan programs. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z The SBA said in response to open records requests throughout April and May that it would release “individual loan data” in accordance with its past practice for subsidized loans. In big reversal, Treasury and SBA agree to disclose details about many small business loan recipients 2020-06-19T04:00:00Z And as of Monday afternoon the SBA’s Freedom of Information Act website still carried a statement saying the agency would release “loan-specific data” to the public. Inspectors general warn that Trump administration is blocking scrutiny of coronavirus rescue programs 2020-06-15T04:00:00Z SBA spokeswoman Carol Wilkerson declined to comment on the lawsuit’s allegations. Civil rights groups challenge loan rules on criminal records 2020-06-16T04:00:00Z They point out that the SBA has for years released such information on borrowers receiving loans under other programs. Did elite David Boies law firm get a pandemic bailout? It's a secret 2020-06-16T04:00:00Z The SBA’s Open Government Plan lists one goal: “Strengthen outreach to underserved communities, including two of the fast-growing sectors of the small business community—minorities and women—and veterans.” Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z The Treasury Department and the SBA said the decision was made in the interest of criminal justice reform. U.S. eases criminal record provision in coronavirus business loan program 2020-06-12T04:00:00Z “The agency recognizes the need to balance the interests of transparency with the privacy and confidentiality issues release of loan information raises,” the SBA website reads. Inspectors general warn that Trump administration is blocking scrutiny of coronavirus rescue programs 2020-06-15T04:00:00Z “The period remains 5 years for felonies involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance,” the SBA statement says. Civil rights groups challenge loan rules on criminal records 2020-06-16T04:00:00Z Several major news organizations, including The Washington Post and The New York Times, have sued the SBA in Washington D.C. federal court, arguing that borrowers’ names and loan amounts are legally public. Did elite David Boies law firm get a pandemic bailout? It's a secret 2020-06-16T04:00:00Z The SBA would not explain why it declines to collect race data for its disaster loan program. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z Just weeks after Lee's reported request, SBA changed its criteria on April 28 to include the gaming industry. Watchdog group files complaint against Dem who allegedly requested PPP loan changes that benefited husband 2020-06-12T04:00:00Z The Post is among 11 news organizations suing the SBA for access to records on loan recipients, the amounts of loans and other basic information the agency has previously released. Inspectors general warn that Trump administration is blocking scrutiny of coronavirus rescue programs 2020-06-15T04:00:00Z None of the loans were revealed by the SBA but rather discovered through company announcements. “Jaw-dropping corruption”: Mnuchin refuses to disclose which businesses got taxpayer-backed bailouts 2020-06-12T04:00:00Z Carranza assured the Senate panel that SBA was working to ease the backup on loans and that the disaster loans now in the SBA system would be processed by next week. Mnuchin says businesses will need more help 2020-06-10T04:00:00Z The race data is provided voluntarily by borrowers, and the SBA says its statistics are “not necessarily inclusive of all borrowers.” Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z The complaint also claims that Full House Resorts saw its stock price rebound to $2.00 per share after two of its casinos received SBA loans. Watchdog group files complaint against Dem who allegedly requested PPP loan changes that benefited husband 2020-06-12T04:00:00Z The Post is among 11 news organizations suing the SBA for access to the data. Here’s where the Small Business Administration’s coronavirus disaster loans are going 2020-06-09T04:00:00Z The Trump administration decided to distribute the loans through banks rather than the SBA, creating a disparate system which multiple lawsuits from small business owners allege favored large existing clients over smaller firms. “Jaw-dropping corruption”: Mnuchin refuses to disclose which businesses got taxpayer-backed bailouts 2020-06-12T04:00:00Z In district SBA offices nationwide, the normal call volume quickly quadrupled. Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z The SBA’s Office of Advocacy warned in a 2018 report about barriers for Black and Hispanic business owners such as minimal personal wealth and limited access to credit. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z Both the Treasury Department and SBA updated their Paycheck Protection Program guidelines within weeks of that letter being sent. Watchdog group files complaint against Dem who allegedly requested PPP loan changes that benefited husband 2020-06-12T04:00:00Z The SBA initially said it would be able to process most loans in three weeks. Here’s where the Small Business Administration’s coronavirus disaster loans are going 2020-06-09T04:00:00Z In the first 14 days of lending, the SBA oversaw 1.7m loans totaling more than $342bn, more than it administered over the last 14 years. US hands out billions in coronavirus aid – but we don't know who's profiting 2020-06-09T04:00:00Z At agency headquarters on launch day, the SBA’s software for processing applications repeatedly malfunctioned, creating a massive backlog. Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z In the nation’s 10 whitest states, the SBA approved 55% of the disaster loan applications. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z After the Daily Beast published its report, a spokesperson told the outlet that Lee didn't learn about the company's intent to apply until days after the SBA expanded its loan eligibility. Watchdog group files complaint against Dem who allegedly requested PPP loan changes that benefited husband 2020-06-12T04:00:00Z Early on in the process, the SBA attempted to solve the problem by outsourcing much of its loan evaluation work to Rocket Loans. Here’s where the Small Business Administration’s coronavirus disaster loans are going 2020-06-09T04:00:00Z The error was caused by a blind spot in the SBA’s loan processing system which failed to see when some borrowers submitted applications multiple times typically with several different lenders, three of the sources said. Exclusive: U.S. small business program handed out virus aid to many borrowers twice 2020-06-02T04:00:00Z The plan was to cede much of the underwriting and approval process to banks, which would accept applications from their customers and then forward qualifying borrowers to SBA for processing. Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z The SBA and race are now in the national forefront as protesters rally for racial justice following high-profile killings of Black people by police. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z However, the SBA made improvements in its second round and more than $100 billion remains available. Black businesses hit hard by COVID-19 fight to stay afloat 2020-06-01T04:00:00Z On Thursday, the SBA announced it was setting aside $10 billion exclusively for Community Development Financial Institutions, which work to expand economic opportunity in minority and other under-served communities. Black businesses hit hard by COVID-19 fight to stay afloat 2020-06-01T04:00:00Z A spokeswoman for JPMorgan Chase said the bank was aware of a “handful” of duplicate deposits and had referred those customers to the SBA. Exclusive: U.S. small business program handed out virus aid to many borrowers twice 2020-06-02T04:00:00Z Castro, who runs the SBA office in Tampa, said even his cellphone “started ringing at 7 in the morning and it didn’t stop till 10 o’clock at night” for weeks afterward. Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z Although the SBA is known for helping small businesses, it plays a large role in disaster recovery. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z On Thursday, the SBA announced it was setting aside $10 billion exclusively for Community Development Financial Institutions, which work to expand economic opportunity in minority and other under-served communities. Black businesses hit hard by COVID-19 fight to stay afloat 2020-06-01T04:00:00Z However, the SBA made improvements in its second round and more than $100 billion remains available. Black businesses hit hard by COVID-19 fight to stay afloat 2020-06-01T04:00:00Z A spokeswoman for Square confirmed it was working with the SBA and borrowers to resolve the issue. Exclusive: U.S. small business program handed out virus aid to many borrowers twice 2020-06-02T04:00:00Z When the system is working, said Steve Bulger, administrator of the SBA’s Atlantic Region and acting administrator for its Mid-Atlantic Region, “it’s a matter of a few seconds and ‘boom,’ that application goes back out.” Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z “The SBA is the federal government’s primary source of financing for the long-term repair and rebuilding of disaster-damaged private property,” the agency says in its annual financial report. Disaster Loans Entrench Disparities in Black Communities 2020-07-02T04:00:00Z The SBA also said Thursday it was setting aside $10 billion of the second round of funding for financial institutions that specialize in working with lower-income communities. House approves changes to emergency business lending program 2020-05-28T04:00:00Z There are broader reasons for the program’s loss of popularity that are outside the SBA’s control. U.S. small firms leave $150 billion in coronavirus stimulus untapped 2020-05-26T04:00:00Z Another source briefed on the issue said the SBA estimated that the universe of duplicate approvals amounted to hundreds of millions of dollars if not more. Exclusive: U.S. small business program handed out virus aid to many borrowers twice 2020-06-02T04:00:00Z The SBA is used to providing aid to businesses after localized natural disasters such as tornadoes and hurricanes. Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z "We are going deeper in debt — no relief, no SBA answer, nothing," Popec said in an interview. Angry truckers turn on Trump over failed promises: “You’re a political toy!" 2020-05-20T04:00:00Z "SBA must do more to stop the special treatment for well-connected big business at the expense of legitimate small businesses struggling to stay afloat and support their workers during this pandemic." After only 12% of minority-owned businesses received relief loans, many plan to close down: survey 2020-05-20T04:00:00Z Those funds haven’t been lent anew, based on SBA data to date. U.S. small firms leave $150 billion in coronavirus stimulus untapped 2020-05-26T04:00:00Z The SBA has said in the past that it doesn’t collect disbursal data from lenders, so the agency may not know the total amount of duplicate deposits. Exclusive: U.S. small business program handed out virus aid to many borrowers twice 2020-06-02T04:00:00Z The agency’s E-Tran software was supposed to quickly vet the applications for duplicates or overdue SBA debts, then approve them. Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy 2020-06-09T04:00:00Z The SBA warned more "severe penalties" were possible, beyond mandatory repayment. Planned Parenthood affiliates improperly applied for, received $80 million in coronavirus stimulus funds, feds say 2020-05-19T04:00:00Z Yates is charged with violations of wire fraud, bank fraud, false statements to a financial institution, and false statements to the SBA. Texas man charged with coronavirus loan fraud topping $5 million 2020-05-19T04:00:00Z Prosecutors said charges Yates faces include violating statutes relating to wire fraud, bank fraud, making false statements to a financial institution and making false statements to the SBA. U.S. charges Texas man with $5 million-plus coronavirus loan fraud 2020-05-19T04:00:00Z A spokesman for the SBA declined to comment, while a spokesman for the Treasury, which jointly administers the program, did not respond to a request for comment. Exclusive: U.S. small business program handed out virus aid to many borrowers twice 2020-06-02T04:00:00Z |
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