15% of Paycheck Protection Program Loans Could Be Fraudulent, Study Shows

Some $76 billion of the program’s $800 billion in loans may have been taken improperly, a new paper concludes.

Restaurant Grant Program Ends in a Cloud of Errors and Confusion

More than 100,000 business owners got help from the relief effort, but 265,000 were turned away — some after awards were rescinded.

How Two Start-Ups Reaped Billions in Fees on Small Business Relief Loans

Blueacorn and Womply processed one-third of all Paycheck Protection Program loans this year, stepping in when big lenders wouldn’t.

Man Awaiting Trial for Covid-19 Bank Fraud Does It Again, Authorities Say

A Pennsylvania man was facing bank fraud and money laundering charges over Paycheck Protection Program loan applications when he submitted another one, U.S. prosecutors said.

Judges Halt Race and Gender Priority for Restaurant Relief Grants

Approvals for thousands of Restaurant Revitalization Fund applicants were rescinded after court orders struck down a policy that favored historically underserved groups.

Some Venue Owners Get a Federal Lifeline. Others Are Told They’re Dead.

The first applications for the Shuttered Venue Operators Grant program, offering $16 billion in federal aid, were approved.

The Small Business Administration’s Gaffes Are Now Her Job to Fix

Traditionally a federal backwater, the agency has stumbled while shepherding $1 trillion in emergency aid. Its leader vows “a more customer-first approach.”

Cultural Institutions Still Waiting for $16 Billion in Federal Aid

The Shuttered Venue Operators Grant program has been marred by delays, but officials say some applicants could learn next week if they have been approved for aid.

As Paycheck Protection Program Runs Dry, Desperation Grows

Overwhelmed lenders and panicking borrowers are in a frenzy to grab the remaining money in the small business relief program.