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

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

   Kabbage also blames the investigations for its poor rate of PPP forgiveness. While it investigated the overpayment issue, the SBA paused the loan forgiveness process for 53,000 loans.

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. Kabbage - Wikipedia

   en.wikipedia.org/wiki/Kabbage

   Kabbage was an online financial technology company based in Atlanta, Georgia. [1] The company provided unsecured loans and funding directly to small businesses and consumers through an automated lending platform. [2] In 2020, the company was acquired by American Express and its mobile app was rebranded to American Express Business Blueprint. [3]

6. 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 ...

7. 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]

8. SBA ramps up PPP loan forgiveness as big banks like ... - AOL

   www.aol.com/finance/ppp-ramps-loan-forgiveness...

   PNC Financial , Pittsburgh’s biggest bank, is among those sticking to their own portal for PPP forgiveness applications instead of the SBA's solution, where certain loan recipients can bypass ...

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