California man allegedly swindled PPP out of $5M, spent cash on Ferrari, Lamborghini and Bentley

President Joe Biden signs the PPP Extension Act of 2021 into law A California man is accused of fraudulently obtaining $5 million through the Paycheck Protection Program then using the…

Some small businesses could increase PPP loan size under new Senate bill

Patrice Onwuka takes a look at the president’s infrastructure plan A bipartisan group of senators unveiled a proposal this week to allow the nation’s smallest businesses to receive additional aid…

GOP senators demand DOJ, SBA probe over whether Planned Parenthood applied for PPP loans despite ineligibility

EXCLUSIVE: Sen. Rand Paul and a group of Republican senators are demanding Attorney General Merrick Garland and officials from the Small Business Administration (SBA) open investigations into what they call the “unlawful…

Biden signs law extending PPP for small businesses until May 31

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. President Biden on Tuesday signed into law a two-month extension of the Paycheck Protection Program one day before the…

PPP loans extended for small businesses until May 31

Rep. Young Kim, R-Calif., calls for legislation to extend deadline for PPP loan applications through the end of May. The Senate voted this week to extend the Paycheck Protection Program for…

PPP loan changes came too late for smallest businesses

Rep. Young Kim, R-Calif., calls for legislation to extend deadline for PPP loan applications through the end of May. As Congress considers extending the government’s flagship small business coronavirus-aid plan,…

Feds mistakenly gave away $692M in duplicate PPP loans

Lebenthal Global Advisors President Dominick Tavella and Walser Wealth Management President Rebecca Walser discuss how stimulus checks will impact the economy and markets. The Small Business Administration mistakenly paid close…

Former Microsoft, Amazon exec pleads guilty to $5.5M PPP fraud scheme: ‘Please pray’

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. A former Microsoft and Amazon executive on Tuesday pleaded guilty to wire fraud and money laundering charges…

Matt Roloff, ‘Little People, Big World’ star, receives $53G PPP loan to help farm survive pandemic

Matt Roloff, known for appearing in the reality TV show “Little People, Big World,” will be able to save his family farm thanks to a U.S. government loan. According to The…

Small businesses seek more time to apply for PPP loans

Moody’s Analytics chief markets economist John Lonski discusses why he thinks many small businesses cannot find employees and the pressure to raise wages. Small-business advocates are calling on the federal…