Barbara Weltman

Big Ideas for Small Business, Inc.

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Government Has More Time to Catch EIDL and PPP Fraud

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Two new laws extend the statute of limitations for the federal government to detect fraud by borrowers under the SBA’s COVID-19 Economic Injury Disaster Loans and Paycheck Protection Program (PPP) loans. The period runs for 10 years and applies for both civil and criminal purposes. #IdeaoftheDay