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SBA loan forgiveness for PPP, EIDL and 7(a) loans

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.
The Business Journals

Lawmakers take aim at Covid small-business loan collections

Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid ...
The Business Journals

SBA ends Covid-era hardship program. Thousands of businesses could face higher payments.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The SBA has abruptly scrapped a ...
The Daily Overview on MSNOpinion

$400M COVID loan heist triggers the biggest SBA ban ever issued

The Small Business Administration has quietly triggered the largest exclusion in its history, freezing thousands of borrowers ...

SBA suspends thousands of pandemic-era loan borrowers approved by Minnesota over potential fraud

Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.
Yahoo

SBA halts grants to Minnesota in wake of fraud scandal

Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota, amid an investigation into alleged fraud in COVID-era lending programs.