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2. Facing federal PPP fraud investigations, online lender ... - AOL

   www.aol.com/facing-federal-ppp-fraud...

   The PPP program was created by Congress in March 2020 to help small businesses struggling with COVID-19 closures and disruptions. ... Kabbage’s forgiveness rate is drastically lower than other ...

3. PPP program was awash in fraud. Now, one lender may ... - AOL

   www.aol.com/news/ppp-program-awash-fraud-now...

   The Herald previously reported on the struggles to obtain forgiveness faced by many small business owners who obtained their PPP loans through Kabbage. Under the rules of the program, the loans ...

4. PPP firms gave selves loans, bought Porsche, $8M home ... - AOL

   www.aol.com/ppp-firms-gave-selves-loans...

   And as the Herald previously reported, Kabbage has struggled mightily to process forgiveness loans for thousands of PPP borrowers after the company was sold to American Express in 2020, which left ...

5. Paycheck Protection Program - Wikipedia

   en.wikipedia.org/wiki/Paycheck_Protection_Program

   President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...

6. U.S. Justice Department probing Kabbage, fintechs over PPP ...

   www.aol.com/news/exclusive-u-justice-department...

   The investigation, led by the Justice Department's civil division, is examining whether Kabbage and other fintech companies miscalculated how much aid borrowers were entitled to from the Paycheck ...

7. Kabbage - Wikipedia

   en.wikipedia.org/wiki/Kabbage

   Kabbage provided small businesses with debt facilities. In March 2020, Kabbage suspended lending services for active and new customers in favor of offering loans to U.S. businesses through the PPP (Paycheck Protection Program) introduced as part of the Trump administration's COVID-19 economic stimulus package.

8. Paycheck Protection Program and Health Care Enhancement Act

   en.wikipedia.org/wiki/Paycheck_Protection...

   Of that amount, $60 billion is for PPP loans made by small banks, small credit unions, and community financial institutions. [19] [20] Appropriates an additional $10 billion for emergency Economic Injury Disaster Loans. [21] [20] Expands eligibility for emergency Economic Injury Disaster Loans to farms and agricultural-related businesses. [22] [20]

9. AOL Mail

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   Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!