As of May 2024, the U.S. Small Business Administration (SBA) had flagged nearly 38,000 already-forgiven Paycheck Protection Program (PPP) loans that it suspected borrowers were ineligible for. The SBA ...
The founders of a financial technology firm that arranged pandemic relief loans for thousands of small businesses nationwide — including more than 3,200 on Long Island — are each facing up to 20 years ...