In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...

Millions of the Small Business Administration's Covid EIDL loans are now coming due, and experts say borrowers have few options if they can't pay. Overall, the SBA approved about 3.9 million loans for ...

WASHINGTON (TND) — A new, federal watchdog report says fraudsters may have gotten away with over $200 billion in pandemic small business loans, this after some lawmakers warned of this exact issue.

After years of deliberation, the Small Business Administration has decided that it will not sell one of its pandemic-era loan portfolios–one that has an estimated default rate in the double-digits. It ...

The Small Business Administration would be mandated to send many loans made under the Covid Economic Injury Disaster Loan program to the Treasury Department for collections under legislation put forth ...

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans (EIDL) were a lifeline for small businesses. But now, some small businesses are having trouble paying them off. And a Small Business Credit ...

The Small Business Administration (SBA) is giving entrepreneurs a 60-day goodwill grace period to pay back COVID-19 PPP and EIDL loans under $100,000. The Small Business Administration (SBA) is giving ...

ST. LOUIS – U.S. District Judge Rodney W. Sippel on Monday sentenced a former professional basketball player to five years of probation, 200 hours of community service and $308,354 in restitution for ...

Millions of business owners will soon need to determine how to pay back their Covid-19 relief loans. What happens for those who can't pay? Millions of the Small Business Administration's Covid EIDL ...