Search results
Results from the WOW.Com Content Network
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.
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 ...
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 ...
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]
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 ...
A fourth person with direct knowledge of the matter said a number of fintechs were being probed over the PPP tax issues but declined to provide names. ... is examining whether Kabbage and other ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
A Miami lender that was one of the biggest approvers of Paycheck Protection Program loans now finds itself in the crosshairs of a Federal Reserve bank in connection with its lending in the program.