PPP Loan Tag

With wide bipartisan support, Congress has approved the "PPP Extension Act of 2021," which extends the Payroll Protection Program. It had been scheduled to expire on March 31, but the application deadline is now May 31. The act further gives the SBA another month, until...

There is a “significant risk” of fraud for Paycheck Protection Program loans, the Government Accountability Office (GAO) said June 25, 2020, urging the Small Business Administration to ramp up efforts to respond to such risks. In a report released that day, the government watchdog, which is charged...