Latest U.S. Small Business Administration News

Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington. (Graeme Jennings/Pool via AP)

Mnuchin says Trump still wants virus deal with Democrats

Sep. 1, 2020 9:16 PM EDT

WASHINGTON (AP) — Pressed by Democrats to quickly negotiate a new coronavirus relief package, Treasury Secretary Steven Mnuchin said Tuesday the administration remains willing to work on a bipartisan agreement to help small businesses, the unemployed, children and schools. Democratic leaders in Congress...

SBA offers loans to homeowners, businesses hit by earthquake

Aug. 31, 2020 11:25 AM EDT

SPARTA, N.C. (AP) — The federal government will begin offering low-interest loans to homeowners and small business owners who were impacted by North Carolina's earthquake. The Winston-Salem Journal reports that the U.S. Small Business Administration will begin offering the loans on Monday. More than 500...

FILE - In this Friday, March 2, 2018 file photo, televangelist Jim Bakker leaves a funeral service for the Rev. Billy Graham in Charlotte, N.C. When the U.S. government extended pandemic hardship loans to thousands of religious institutions, Bakker and Morningside USA, his ministry in Blue Eye, Mo., were among the most high-profile recipients. (AP Photo/Chuck Burton)

Jim Bakker gets PPP loans during legal fight on fraud claims

Aug. 24, 2020 12:35 PM EDT

When the U.S. government extended pandemic hardship loans to thousands of religious institutions, Jim Bakker and Morningside USA, his ministry in Blue Eye, Missouri, were among the most high-profile recipients. On April 28, the pastor received approval for an amount between $650,000 and $1.7 million in Paycheck...

North Carolina accused of defrauding SBA, others of $800,000

Aug. 21, 2020 2:19 PM EDT

CHARLOTTE, N.C. (AP) — A North Carolina man was arrested Friday in connection with various schemes that defrauded the U.S. Small Business Administration and others of more than $800,000, federal prosecutors said. Dino Crnalic, 33, of Charlotte, appeared in federal court in Charlotte on Friday, the U.S....

Friends of Sinners not allowing pandemic to affect mission

Aug. 2, 2020 11:18 AM EDT

OWENSBORO, Ky. (AP) — Joe Welsh, Friends of Sinners director, is refusing to allow the COVID-19 pandemic to affect the organization’s mission of seeing lives turned around for the better. But as with many nonprofits that have been hit hard by the outbreak, Friends of Sinners has been forced to...