The Small Business Administration announced that it has forgiven 80% of the $791 billion in Paycheck Protection Program loans it began issuing in 2020 to businesses across the country to help them ...

As of May 2024, the U.S. Small Business Administration (SBA) had flagged nearly 38,000 already-forgiven Paycheck Protection Program (PPP) loans that it suspected borrowers were ineligible for. The SBA ...

CHICAGO (WLS) -- New guidance from the federal government on Payroll Protection Program loans is leaving some small business owners with even more questions. PPP loans can be forgiven if all the rules ...

SBA loans are backed by the Small Business Administration, which guarantees up to 85% of loan amounts, reducing risk for lenders. There are three main SBA loan types: 7(a), 504 and microloans. Basic ...

Small business owners often consider repaying their SBA loans early to reduce interest costs. However, this decision depends on the type of loan and the business’s financial health. For example, SBA ...