The Business Journals

Some PPP borrowers denied forgiveness because of 'good faith errors'

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min An SBA rule has saddled hundreds ...
JournalofAccountancy

Improperly forgiven PPP loans must be included in income

Taxpayers whose Paycheck Protection Program (PPP) loans are forgiven under the program but who are ineligible for that forgiveness may not exclude the forgiven loan amount from gross income for ...
News4Jax

House panel says lax screening helped facilitate PPP fraud

FILE - House Majority Whip James Clyburn, D-S.C., leaves the chamber at the Capitol in Washington, Nov. 17, 2022. Financial technology firms abdicated their responsibility to screen out fraud in ...
The Business Journals

Delinquent PPP loans are on the rise. Here's what it means for businesses.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The number of delinquent PPP ...
San Francisco Fed

Small Business Lending and the Paycheck Protection Program

The Paycheck Protection Program (PPP) and the PPP Liquidity Facility were launched early in the pandemic to help many small businesses survive. These programs encouraged banks to lend more extensively ...
NPR

A congressional report says financial technology companies fueled rampant PPP fraud

A sprawling congressional report accuses several little-known financial technology companies, or fintechs, of reaping "billions in fees from taxpayers while becoming easy targets for those who sought ...