A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic...
Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The Washington Post. The Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program, once an emergency source of funding, is...
October 14, 2020
Wells Fargo has fired over 100 employees for allegedly improperly collecting COVID-19 relief funds, according to sources quoted by Bloomberg. The staffers reportedly defrauded the Small Business Administration (SBA) by “making false representations in applying for coronavirus relief funds for themselves,” according to Bloomberg. They reportedly applied for Economic Injury Disaster Loan (EIDL) funds in […]
July 13, 2020
A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a press release the end of...
May 07, 2020
Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The Washington Post. The Small Business...
