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THE SBA has released a streamlined loan forgiveness application for PPP loans of $50,000 or smaller.

SBA releases streamlined PPP forgiveness application for loans $50K or smaller

PROVIDENCE – The Small Business Administration has released a simplified loan forgiveness application for Paycheck Protection Program loans of $50,000 or less, the SBA...
ONE MAN was indicted, while another was said to have agreed to plead guilty to charges related to an alleged conspiracy to file for fraudulent forgivable Paycheck Protection Program loans from the U.S. Small Business Administration.

DOJ: Warwick man to plead guilty to attempted PPP fraud

PROVIDENCE – In May, two businessmen from Rhode Island and Massachusetts were named by federal prosecutors as the first in the country to be...

SBA announces 2020 R.I. Small Business Week awardees

PROVIDENCE – The U.S. Small Business Administration on Monday announced its 2020 Rhode Island Small Business Week awardees. Harmony Oschefski, and Cedar Hwang, owners of...

Fewer than 500 R.I. businesses secured PPP loans in July, $128B...

PROVIDENCE – With just over a week until the U.S. Small Business Administration’s Paycheck Protection Program ends, interest among Rhode Island small business has...
HOT SEAT: Jovita Carranza, administrator of the U.S. Small Business Administration, speaks before a House Small Business Committee hearing on oversight of the U.S. Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington on July 17. / POOL VIA AP FILE/KEVIN DIETSCH

Big companies went to head of line for PPP loans

Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had...
DOUBLE CHECKING: Barber Mike McAndrew holds a mirror as customer Rob Verrastro looks at his new haircut at Three Saints Barbershop and Shave Parlor in Jessup, Pa. Small businesses such as this are desperately trying to stay afloat during the coronavirus crisis, but billions of dollars allocated for aid by Congress may be left on the table. / TIMES-TRIBUNE VIA AP FILE/CHRISTOPHER DOLAN

Billions of dollars in small-business aid unclaimed

BIllions of dollars offered by Congress as a lifeline to small businesses struggling to survive the pandemic are about to be left on the...

SBA reports $1.8B in PPP loans for R.I. businesses with funding...

PROVIDENCE – Rhode Island small businesses have secured more than $1.8 billion in federal payroll relief, the U.S. Small Business Administration shared on Wednesday. The...
NEW GUIDANCE from the SBA for the Paycheck Protection Program said that PPP loans loans can still be forgiven in full only if the money is spent within eight weeks of receiving it.

SBA leaves businesses still hoping for more leeway on loans

NEW YORK (AP) – Small businesses hoping for more leeway in using coronavirus loan money were disappointed as the government released instructions for seeking...

R.I. businesses secure $550M in round-two PPP loans; less than half...

PROVIDENCE – More than 6,800 Rhode Island small businesses secured a total of $550.4 million for payroll relief under second-round funding for the U.S....
THE SBA said that for eight hours Wednesday ending at midnight Eastern time it would accept PPP loans only from small lenders. It also indicated that it was moving the smallest companies applying for loans to the head of the line. / AP FILE PHOTO/ERIC GAY

SBA: Small businesses move to head of loan application line

NEW YORK (AP) – The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday as the Small Business...

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