Small Business Administration News

Prominent Plaintiffs’ Firms Sought Government Bailout to Stay Afloat

Several prominent plaintiffs’ law firms, known for striking large settlements with companies like German carmaker Volkswagen AG and Equifax Inc, were approved for loans that totaled tens of millions of dollars in government aid meant to help small businesses stay …

SBA Reports Data Breach in Disaster Loan Application Website

NEW YORK — Thousands of small business owners reeling from the aggressive measures taken to halt the spread of the coronavirus may have had their personal information exposed last month on a government website that handles disaster loan applications. The …

Wells Fargo, JPMorgan Among Banks Sued Over SBA Virus Loans

Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp were sued by small businesses that accused the lenders of prioritizing large loans distributed as part of the virus rescue package, shutting out the smallest …