More than 90% of the $1 million-plus loans got approved in the first month. In contrast, only 56% of loans of less than $150,000 were approved in the same period. $1M-2M $2M-5M $5M-10M ...

Angel Strunk borrowed $14,165 as a self-employed office worker in April 2021. SBA approved a loan forgiveness of $14,204 – which is the loan amount plus accrued interest – on Aug. 12, 2021.

Many "mom-and-pop" businesses struggled to get PPP loans before the first round of funding ran out. The average income on Fisher Island is $2.2 million, making it the richest ZIP code in the US.

Any loan exceeding $2 million was automatically flagged for review under a Department of Treasury policy adopted in 2020 to apply stricter scrutiny to the largest PPP loans.

The seventh employee obtained a $10,000 EIDL loan and two PPP loans totaling $40,050 while claiming she was sole proprietor of a “‘business consulting’ business,” according to the report.

The PPP, created in 2020 under the CARES Act, was designed to help small businesses maintain payroll during the COVID-19 pandemic. Second-draw PPP loans were limited to companies with 300 or fewer ...

MORRILL: And this stack here. I have our application for the PPP loan, and I have the loan paid in full. It was $694,930, and then we actually paid interest of about $5,600 on that amount.

Some small businesses that received loans from the government's Paycheck Protection Program during the COVID pandemic were eligible for loan forgiveness, but they decided to repay the money anyway.

The SBA is seeing more and more lenders submit delinquent PPP loans to be purchased by the agency — but that doesn't mean borrowers are off the hook.

As with the woman who got the $42,000 in PPP loans, many others later were found to have paid kickbacks to unofficial brokers after they filled out their applications in 2020 and 2021, according ...