SBA Announces $5,000 Supplemental EIDL Grant Details
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SBA Announces $5,000 Supplemental EIDL Grant Details
On Friday, the SBA announced the new $5,000 Supplemental EIDL Grant program.This program which has $5 billion allocated as part of the latest stimuluspackage will help 1 million of the hardest hit small businesses get anadditional $5,000 in EIDL Grants. Here's what you need to know and whoqualifies. Pro-tip: On Monday April 26, we will be ...
Apr 24, 2021
Small Business Administration Small Business Loans
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Small Business Administration says 6,900 Minnesota borrowers suspended over suspected fraud
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The Small Business Administration has suspended 6,900 borrowers in #Minnesota amid one of the largest COVID-era loan fraud investigations in U.S. history. Nearly $400 million in PPP and EIDL loans have been flagged as potentially fraudulent, including funds linked to a #Somali fraud scheme in Minneapolis. SBA Administrator Kelly Loeffler said those involved will be banned from all SBA programs and referred to federal law enforcement. Watch | The Times of India
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The Small Business Administration has suspended 6,900 borrowers in #Minnesota amid one of the largest COVID-era loan fraud investigations in U.S. history. Nearly $400 million in PPP and EIDL loans have been flagged as potentially fraudulent, including funds linked to a #Somali fraud scheme in Minneapolis. SBA Administrator Kelly Loeffler said those involved will be banned from all SBA programs and referred to federal law enforcement. Watch | The Times of India
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