Trump admin uncovers 'staggering' $8.6 billion in suspected California small business fraud

California pandemic loan fraud totals $8.6 billion as Small Business Administration suspends over 111,000 borrowers. Kelly ...
The Business Journals

The SBA sent thousands of PPP loans to collections. It didn’t always notify the businesses.

A newly issued report highlights the long tail the SBA has when it comes to dealing with the aftermath of programs that kept many businesses afloat during the pandemic. The Small Business ...

SBA freezes over 100,000 California borrowers in sweeping $9B pandemic fraud crackdown

Trump SBA suspends over 111,000 California borrowers in massive fraud crackdown involving $9 billion in suspected pandemic ...

SBA Suspends 111,620 California Borrowers Suspected of Committing $8.6 Billion in Pandemic-Era Fraud

Today, following a visit to San Diego, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler announced that the agency has suspended 111,620 California borrowers amid suspected ...
WNCT

Raleigh-based company to pay more than $2 million for false PPP loan

RALEIGH, N.C. (WNCT) — An IT solutions company called DynPro, Inc. will have to pay $2,178,254 to resolve a liability for a false Paycheck Protection Program (PPP) loan from the U.S. Small Business ...