covid relief

The indictment alleges that the defendants defrauded lenders and the U.S. Small Business Administration of millions of dollars in PPP loans and EIDL funds. #fraud

An indictment returned Monday in U.S. District Court in Chicago charges WILLIAM FREDERICK REED, 41, of Hazel Crest, Ill., with making false statements in U.S. Small Business Administration loan applications, bankruptcy fraud, and tax offenses. #fraud

African American Businesses Received the Fewest COVID-19 Relief loans, and Grants, as Program Deadline Looms (Niles, IL) - Today, the Illinois Coalition of African American Business Organizations announces that research reports issued by the Center for Public Integrity, and the Brookings Institution reveal that African American businesses were awarded less than 2% of the loans, and grants available through the $1.9 trillion federal COVID-19 relief program  for small businesses, administered by the U.S. Small Business Administration, that is scheduled to end on May 31, 2021.