Three Toms River men admitted participating in a multimillion dollar mortgage fraud scheme and one of the individuals also ...

A former bank vice president in Wichita Falls, Texas was sentenced to four years in federal prison for a fraud scheme involving fraudulent Paycheck Protection Plan and Economic Injury Disaster loans, ...

Update: The Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act were signed into law in early ...

Adolphus Obioha told a federal judge he made an honest mistake when he applied for a pair of small-business loans totaling more than $426,000 during the height of the COVID-19 pandemic. In his loan ...

A new report details how small businesses that tapped the SBA's EIDL program during the pandemic are facing greater financial challenges than companies that didn't turn to the offering for support.

A Baton Rouge business owner was federally indicted, accused of using federal small business loans to buy himself a new car and wire more than $170,000 overseas. Adolphus Obioha, 64, received a ...

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 ...

This story has been updated with information from a Wednesday afternoon court appearance. SIOUX FALLS, S.D. (KELO) – A Sioux Falls man faces felony charges related to an alleged scheme of identity ...

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 ...

Rep. Roger Williams, chairman of the House Small Business Committee, has been critical of the Small Business Administration's handling of the EIDL portfolio. Nearly three years after a consultant ...

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 ...