PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.

A newly issued report highlights the long tail the SBA has when it comes to dealing with the aftermath of programs that kept many businesses afloat during the pandemic. The Small Business ...

The Minnesota Star Tribune has previously reported on pandemic-era fraudsters stealing from the Small Business Administration ...

Loeffler says the SBA suspended 6,900 borrowers in Minnesota, adding they were approved for 7,900 PPP and EIDL loans worth approximately $400 million. The individuals would be banned from any future ...

The technology glitches were reminiscent of those that plagued the first phase. The federally backed emergency loan program to help hard-hit small businesses, reopened on Monday and -- once again -- ...

Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected ...

The SBA inspector general says "lowered guardrails" left the program vulnerable. At the dawn of the COVID-19 pandemic, when offices and restaurants began shuttering, the federal government scrambled ...