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SBA wants to add fintechs to its biggest lending program

Since 1982, the Small Business Administration's 7(a) program has been restricted almost entirely to banks and credit unions. A proposed rule would open the floodgates to fintech lenders. ....

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Bank of America Hits PPP Borrowers With Opaque Charges

Bank of America says the charges are for accrued interest. Small business owners haven’t received any notice about how much they owe or the schedule for paying it back. ....

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Owner of CT restaurant Donovan's under investigation for wage theft

He also had nearly $300,000 in Payment Protection Program loans forgiven by the federal government. ....

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Owner of CT restaurant Donovan's under investigation for wage theft

He also had nearly $300,000 in Payment Protection Program loans forgiven by the federal government. ....

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They Promised Quick and Easy PPP Loans. Often, They Only Delivered Hassle and Heartache.

More than a million government-approved loans ended up being canceled, including some that would have gone to people who needed the loans and applied ju. ....

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