Hoffmann Quality Tools received loan forgiveness under a COVID-19 program for which it was not eligible. Now, the company had to pay $1.4 million.

Hoffmann Quality Tools USA Inc. paid $1.4 million after allegedly misrepresenting employee numbers for a PPP loan.

97% of PPP loans, which totaled $800 bn, won’t have to be repaid. Apparently, Jared Kushner, Paul Pelosi, & Kim Kardashian are more worthy of loan forgiveness than the children of middle class ...

The loans collectively do not represent a huge percentage of the 11.5 million PPP loans the SBA issued across several rounds of the program during the height of the pandemic.

The Paycheck Protection Program is back in the spotlight as sparring continues over President Joe Biden's student loan forgiveness plan.

A group of small businesses allege in a new lawsuit that Bank of America left them with unforeseen debt after overstating the amount of their pandemic aid that was eligible for loan forgiveness. In a ...

The day 7 On Your Side visited, she was waiting for a rep from her bank to figure out her PPP loan status. She says she applied for the SBA-backed lifeline the day the program opened April 3.