In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...

The Department of Justice continues to focus on pandemic-related fraud. This week, a federal grand jury in the Western District of Tennessee returned an indictment charging ten individuals for their ...

Congresswoman Elaine Luria (D-VA-02) is pushing the SBA for answers on how it responds to questions on Paycheck Protection Program loans and Economic Injury Disaster Loans. In a letter to SBA ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The SBA's popular EIDL Covid-19 relief program has depleted ...

Travel back in time to the Spring of 2020: people are searching for toilet paper and spraying down their groceries with Lysol. In addition, lenders are tackling the new loan programs created under the ...

More than 1/3 of EIDL funds were squandered on potential fraud, says a report. The watchdog report released Tuesday that revealed how some $200 billion in COVID-19 aid was potentially misspent threw ...

The SBA's EIDL program has exhausted its funding, but a key deadline remains for small businesses. Here's what businesses need to know about the Covid-19 relief program. The Small Business ...

Early in the pandemic, the government rolled out a couple of big loan programs aimed at helping small businesses survive. There was the Paycheck Protection Program, which offered loans that were ...

Update: The Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act were signed into law in early ...

Haut writes, "The EIDL program is a loan program with a 30-year maturity and an interest rate of 3.75% for most borrowers. Under the COVID disaster declaration, EIDL loan payments are deferred for two ...