The Small Business Administration disbursed approximately $1.2 trillion during the pandemic. Senator Joni Ernst of Iowa has introduced legislation to require the Small Business Administration to “collect all…
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SBA Announces COVID Fraud of Over $200 Billion
Inspector general cites a lack of controls on the distribution of emergency funds as the cause. The Office of the Inspector General of the Small Business Administration said…
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$5.4 Billion in “Questionable” COVID-19 Loans Reported
House committee holds hearing on mismanagement, fraud, and wasted funds. The Pandemic Response Accountability Committee reports it has “identified 69,323 Social Security numbers used to obtain $5.4 billion…
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President Renominates Lapsed Leadership Appointees
Heads of IRS, FAA, and Indian ambassador resubmitted to the new Senate. President Joe Biden renominated a number of his choices for key federal positions to the new…
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SBA Offers Restaurant Revitalization Fund
Registration is immediately available, SBA administrator says. The Small Business Administration is offering $28.6 billion as revitalization funds specifically for restaurants. The registration window for receiving the assistance…
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Labor Department Holds Forum for Construction Industry
Cooperatively offering federal guidance with HUD and SBA. U.S. Department of Labor agencies in the Southwest hosted the 2021Virtual Construction Forum this past week to facilitate understanding of…
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Senate Extends Paycheck Protection Program
Small businesses may apply for loans through May. On Thursday, the Senate passed legislation extending the small-business program created last year by Congress. They voted 92-7 to extend…
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SBA Administrator Nominee Confirmed
Senate votes in favor of former California Small Business Advocate. The U.S. Senate voted 81-17 to confirm Isabel Guzman as the administrator of the Small Business Administration (SBA)…
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Small Business Relief Being Considered by White House
An executive order would circumvent Congress. The White House is considering executive action to help small businesses by extending an expired loan relief program or providing other financial…
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President and Governors Meet for Small Business Roundtable
Small business owners also selected to speak during meeting. Although the number of Americans seeking unemployment as been steadily dropping since March, the current number of 1.5 million…
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