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The U.S. Small Business Administration, which oversaw the PPP program, also investigated an issue with Kabbage’s processing of loans that resulted in Kabbage and two banks it had partnered with ...
The fintech firm Womply obtained even more in PPP loans, receiving upward of $5 million in 2020 and 2021 from the partner bank it did the most business with. It asked for the loans to be forgiven ...
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]
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 ...
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 ...
The Business Review may refer to: Business Review, now Economic Insights, a publication of the Federal Reserve Bank of Philadelphia; The Business Review;
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