Key Takeaways A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133—Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020.

The companies, Biz2Credit, Inc. and Womply, will pay millions to the FTC to settle allegations they falsely promised fast processing of PPP loan applications.

Though the program is designed for small businesses with fewer than 500 workers, restaurants were allowed an exception and eligible to apply if they had fewer than 500 workers at any one location.

Two Illinois State Police officers from the Chicago area are suspected of defrauding the federal Paycheck Protection Program that provided loans to businesses struggling during the COVID-19 ...

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get ...