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1 min read

CreditNinja, which has charged loan customers an interest rate of 447%, is complaining that their $1 million PPP loan forgiveness request was rejected

CreditNinja, a broker which has given loans with interest rates as high as 447%, believes the SBA s…

Azmi Haroun   


Walt Hickey   


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1 min read

WATCH: How business owners can make the most of PPP

Watch our webinar to learn if your business qualifies for up to $2 million in forgivable loans from…

Bartie Scott,Jennifer Ortakales Dawkins   


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2 mins read

Nearly 330 small business leaders call for $1.9 trillion stimulus relief package

The number of small businesses open in the US has decreased by 34.2% since January 2020, but new st…

Juliana Kaplan   


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1 min read

JOIN US TODAY: Sign up for our live event on how to make the most out of PPP

A new round of $325 billion in funding is coming. Ask Insider journalists about the ins and outs of…

Business Insider   


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6 mins read

BluSmart to set up EV charging infra projects across India in PPP mode

As India rides on the EV bandwagon with the government promoting several use cases, BluSmart is poi…

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2 mins read

A man attempted to steal $6 million in PPP loans after submitting applications for companies with names from 'Game of Thrones': report

The man received more than $1.7 million in benefits after being approved for two applications, acco…

Amanda Perelli   


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1 min read

A former NFL player was sentenced to over 3 years in prison for getting a fraudulent $1.2 million PPP loan

Former NFL player Joshua Bellamy falsified documents to get the loan for his company Drip Entertain…

Sarah Al-Arshani   


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4 mins read

Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.

A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…

Madison Hoff   


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3 mins read

Thomas Pallini   


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2 mins read

Congress is weighing a fresh stimulus package for restaurants and other businesses as Omicron rages

The government might send out money yet again during the pandemic — but it won't be stimulus checks…

Juliana Kaplan,Joseph Zeballos-Roig   


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1 min read

Texas man sentenced to 9 years for fraudulently obtaining $1.6 million in PPP funds and using it to buy a Lamborghini and a Rolex

Lee Price III, 30, was charged with wire fraud and money laundering, the DOJ said. He was sentenced…

Bill Bostock   


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1 min read

A Mississippi man is accused of spending PPP loan money on a $100,000 Tesla and a million-dollar house

Christopher Paul Lick received $6 million in PPP loans by lying to banks about his businesses' expe…

Kate Duffy   


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2 mins read

Biden signs PPP small-business aid extension into law one day before it was set to expire

Small businesses can now apply for aid from the Paycheck Protection Program through May 31, and app…

Ayelet Sheffey   


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2 mins read

Biden is changing PPP rules. For 2 weeks, only businesses with fewer than 20 employees can claim pandemic relief loans.

Biden's changes to the PPP loan rules are designed to ensure that smaller companies aren't left beh…

Kate Duffy,Reuters   


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3 mins read

Congress opens investigation into BlueVine and Kabbage after reports of PPP fraud

While fintechs only processed 15% of PPP loans, 75% of loans tied to fraud were funded through thes…

Shannen Balogh   


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2 mins read

NASA exec convicted of fraud for using almost $300,000 in COVID relief to pay for a $6,450 French bulldog, a swimming pool and a Disney membership

A NASA executive on Thursday was sentenced to 18 months for taking more than $285,000 in COVID-19 r…

Kevin Shalvey   


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3 mins read

The PPP loan program is open: How your small business can get loans, grants, and tax breaks from the new stimulus bill

The Senate passed a PPP extension on March 25, which would give struggling business owners another …

Business Insider   


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2 mins read

'Deely Nuts,' 'Beefy King,' and other fake businesses reportedly got $7 million in COVID-19 PPP loans through one lender

Non-existent farms, such as "Ritter Wheat Club" and "Deely Nuts," each received the maximum loan of…

Anna Cooban   


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2 mins read

Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says

Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…

Ben Winck