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SBA EIDL loans were a breeze last year, a mess this year, say applicants and loan officers

SBA EIDL loans were a breeze last year, a mess this year, say applicants and loan officers
dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.

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SBA halts restaurant relief payments following discrimination lawsuits

SBA halts restaurant relief payments following discrimination lawsuits
nrn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nrn.com Daily Mail and Mail on Sunday newspapers.

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America's US$795B rescue saved jobs. No one's sure how many

America's US$795B rescue saved jobs. No one's sure how many
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Marlboro: Questions raised over COVID relief loan | Vermont Business Magazine

The statement, addressed to Seth Andrew, then DBF s CEO, in Marlboro, lists a SBA Cares Act PPP Grant (Unrealized) in the amount of $943,365 as a current asset as of December 31, 2020.
As a liability, the statement also lists a slightly larger amount – apparently the PPP loan total plus a small amount of interest. The former figure represents what DBF will receive if its application to SBA for forgiveness of the loan receives the agency s approval: The loan would then become a grant.
Documentation obtained by VBM appears to indicate that DBF applied for the forgiveness in April. The status of that application is uncertain. Accessed on May 20, federalpay.org reports that the loan, issued through JP Morgan Chase Bank, has been disbursed by the lender and has not yet been fully repaid or forgiven. The SBA database provides no information on the question. ....

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Rampant racial disparities plagued PPP loan distribution - The San Diego Union-Tribune

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Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic.
At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals.
Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected.
(James Bernal for Reveal / Los Angeles Times) ....

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