Of 8,308 such charged-off PPP loans reviewed by the IG through the end of 2022, SBA did not refer 7,550 of them to the Treasury Department — about 91% of the total.

The settlement acknowledges this cooperation. All PPP loan proceeds were used for proper purposes, and there is no allegation otherwise,” said Nicolas Gennetti, CEO of The Herb Chambers Companies.

After round two loans ended in August 2020, the Consolidated Appropriations Act of 2021 (CAA) authorized the third round of PPP loans. Round three funding of $284 billion expanded on the original ...

Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding.

The relief bill added another $320 billion to the PPP and disaster loan programs after they ran dry less than two weeks after first launch, which initially offered $349 billion in loan funding.

Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding.

Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding.

Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding.

Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding.

The PPP initially provided $349 billion in forgivable loans that businesses could use to cover payroll, mortgage interest, rent, and utilities. The program is available to small businesses that were ...