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The Latest Breaking News from SBA

Millions of PPP Loans Were Flagged as Potentially Fraudulent. Many Were Never Investigated.

A new report takes an illustrative look inside the Small Business Administration, which was clearly overwhelmed by the obligation to push unprecedented piles of money out the door quickly.

Reason

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

McClatchy Washington Bureau

Hurricane Ian could worsen inequality

Poor and non-white communities are often hardest hit — but FEMA disproportionately aids whiter, wealthier areas

Salon

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How Hurricane Ian and other disasters are becoming a growing source of inequality – even among the middle class

Friendswood, Texas, is the type of community that one might think of as a “best case scenario” when it comes to recovering from a disaster.

The Conversation

DeSantis ban on ‘woke’ investments could hurt state pension fund, experts say

TALLAHASSEE, Florida — After banning CRT in the classroom and board room, Gov. Ron DeSantis has a new target in his culture war against “wokeness” with another acronym most folks have never heard of — ESG.

Orlando Sentinel

Highland Park businesses affected by July 4 parade massacre eligible for SBA loans

A business recovery center will be at the First Bank of Highland Park through Aug. 11.

Chicago Sun-Times

DeSantis takes another swipe at ‘woke’ corporations, saying Florida won’t invest

MIAMI — Continuing to target what he calls “woke” corporations, Gov. Ron DeSantis wants to prohibit state investments that use “environmental, social and governance” ratings, which can include taking into account impacts of climate change.

Miami Herald

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Pence joins multimillion-dollar anti-abortion midterms ad campaign

The anti-abortion constituency will be an important one for any 2024 GOP hopeful.

Axios

Small Biz is getting a hand from an unlikely source: Goldman Sachs

The Wall Street giant is putting its weight behind a push to promote small businesses.

Axios

Sen. Jacky Rosen Continues To Push For Marijuana Reforms: Demands Federal SBA Loans For Legal Cannabis Companies

Senator Jacky Rosen (D-Nev) sent a letter recently urging t

Benzinga

Senate to test waters on money for restaurants, small businesses - Roll Call

The proposal includes $40 billion to backfill the so-called Restaurant Revitalization Fund for applicants who didn't receive any grant money.

Roll Call

Business owners waited years for COVID-19 loans—and now it’s too late

Jaja Chen and her husband Devin Li were elated when they signed a lease for their new bubble tea shop, Cha Community. Both Asian-American immigrants (her from Taiwan, him from China), they said it was a struggle to find authentic Asian food in their new home of Waco, Texas. So…

Tribune News Service

The Restaurant Industry Doesn't Need Another Bailout

The Restaurant Revitalization Fund Replenishment Act would give restaurants another $42 billion in grants to cover the lingering costs of the pandemic.

Reason

Rubio seeks answers from SBA on PPP forgiveness after McClatchy series on unforgiven loans

Following a series of stories by the Miami Herald addressing the backlog of unforgiven Paycheck Protection Program loans and the disproportionate impact of this backlog on minority communities, Florida Sen. Marco Rubio has called on the director of the U.S. Small Business Administration to speed up the forgiveness process and…

McClatchy Washington Bureau

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McClatchy Washington Bureau

PPP loans were made to be forgiven. In heavily Black areas like South Florida, many aren’t

For Louine Raymonvil, the $105,000 Paycheck Protection Program loan his North Miami Beach security business received in June 2020 was a godsend.

Reuters

Russians have up to $213 billion stashed offshore in Swiss banks

Switzerland's secretive banks hold up to $213 billion of Russian wealth, the country's financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults.

McClatchy Washington Bureau

Dos años después, las microempresas aún esperan la condonación prometida del préstamo PPP

Después de que los cierres por COVID-19 dejaran sin trabajo a la peluquera de Miami, Vicki LeMaster, un amigo le recomendó que solicitara un préstamo del Programa de Protección de Pago de Cheques (PPP) a través del prestamista en línea Kabbage.

McClatchy Washington Bureau

Unforgiven: Two years later, small businesses still waiting promised PPP loan forgiveness

After COVID-19 shutdowns put Miami hairdresser Vicki LeMaster out of work, a friend recommended that she apply for a Paycheck Protection Program loan through the online lender Kabbage.

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Reason

Former NYPD Union President Charged With Stealing Hundreds of Thousands of Dollars of Members' Dues

Ed Mullins, known for combatively defending bad police behavior and the drug war, charged with wire fraud by the Department of Justice.

Asharq Al-Awsat

SCRF Opens Registrations for Sharjah Children's Book Award

The Sharjah Children's Reading Festival (SCRF), organized by Sharjah Book Authority (SBA), has announced the opening of registrations for the Sharjah Children's Book Award and SCRF Visually Impaired Book Award.

Kiplinger

Things to Do When Retired and Bored

Here are 14 ways to prepare now for retirement so that you’ll be happy, active, fulfilled and never, ever bored.

USAFacts

These states received most of the $350 billion in CARES Act small business loans

The Paycheck Protection program reopened with an additional $321 billion in funds on April 27, 2020. Where did the original $350 billion allocated by the CARES Act go?

1 … 3 4 5 6

People

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