Entrepreneurs who took a forgivable loan this year can't write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two ...
The U.S. Small Business Administration is launching a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less, through participating lenders, to ...
The American Rescue Plan Act of 2021 permits Shuttered Venue Operators to apply for both Paycheck Protection Program loans and Shuttered Venue Operator Grants. The American Rescue Plan Act, signed ...
The bank fired a manager for originating suspicious loans but later asked the SBA to forgive them, prosecutors say. The case ended in a $7.7 million settlement.
Knoxville company Hoffmann Quality Tools, owned by the Hoffmann Group, paid more than $1.4 million in fees to repay a loan after claiming money it didn't qualify for under the COVID-19 pandemic-era ...