Millions of the Small Business Administration's Covid EIDL loans are now coming due, and experts say borrowers have few options if they can't pay. Overall, the SBA approved about 3.9 million loans for ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. The Covid-19 Economic Injury Disaster Loan program was created to help small businesses ...

The Department of Justice continues to focus on pandemic-related fraud. This week, a federal grand jury in the Western District of Tennessee returned an indictment charging ten individuals for their ...

MEMPHIS, Tenn. (WREG) — Ten Mid-South business owners and pastors were indicted Tuesday for their roles in COVID-19 relief fraud schemes, according to the U.S. Department of Justice. Court documents ...

Travel back in time to the Spring of 2020: people are searching for toilet paper and spraying down their groceries with Lysol. In addition, lenders are tackling the new loan programs created under the ...

More than 1/3 of EIDL funds were squandered on potential fraud, says a report. The watchdog report released Tuesday that revealed how some $200 billion in COVID-19 aid was potentially misspent threw ...

Update: The Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act were signed into law in early ...

Haut writes, "The EIDL program is a loan program with a 30-year maturity and an interest rate of 3.75% for most borrowers. Under the COVID disaster declaration, EIDL loan payments are deferred for two ...

Some good news for any business that took out a Covid Economic Injury Disaster Loan ( EIDL): The Small Business Administration is extending deferment periods for disaster loans once again. With no ...

Sen. Chuck Schumer, citing the struggles of small businesses on Long Island, wants to give holders of federal COVID-19 disaster loans more time before they must begin making payments. The U.S. Small ...