The government has also reportedly generated a list of people who should be arrested for PPP loan fraud. It’s not looking ...

Longtime car dealership owner Herbert G. Chambers, several of his companies and another executive at the company have agreed ...

On April 30, 2020, the Small Business Administration established a new rule for the program that businesses part of a single corporate group could not receive more than $20 million in PPP loans.

The settlement noted that AFR obtained a $10-million PPP loan in 2020, when applicants had to employ fewer than 500 workers. That loan was also forgiven. The qui tam lawsuit said an FAQ list with the ...

After being questioned by federal agents in late 2022, Chatman allegedly deleted digital records and destroyed a hard-copy list of PPP loan applicants to obstruct a grand jury investigation ...

Financial institutions approved the loans based on the fraudulent information ... PPP applications stored online and a hard-copy list of PPP applicants -- with the intent to obstruct a federal ...

As of 2025, loan forgiveness is only available for the SBA’s Paycheck Protection Program (PPP) loans. Other SBA loans, including Economic Injury Disaster Loans (EIDL) and 7(a) loans, do not qualify ...

The settlement noted that AFR obtained a $10-million PPP loan in 2020, when applicants had to employ fewer than 500 workers. That loan was also forgiven. The qui tam lawsuit said an FAQ list with ...