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On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. When COVID-19 began to infect Americans in early 2020, Congress ...

A federal jury convicted Michigan businessman Dale Thrush of Farwell of wire fraud for fraudulently obtaining a Payroll Protection Program (PPP) loan and loan forgiveness. (Canva Pro) A federal jury ...

The Paycheck Protection Program (PPP) and the PPP Liquidity Facility were launched early in the pandemic to help many small businesses survive. These programs encouraged banks to lend more extensively ...