Kabbage is in Trouble | May 21, 2024

Kabbage, a lender for PPP loans, is under legal scrutiny for doling out inflated and fraudulent loans, showcasing the need for stricter fraud control measures. The NAACL Conference provided updates on valuable SBA lending procedures, including new e-tran functionalities and the endorsement of DocuSign with specific requirements. The SBA is actively investigating the misuse of funds, as reflected in error code 4363, indicating the importance of compliance and due diligence. A surge in working capital requests is being used to refinance debt, contrary to program stipulations, emphasizing the role of lenders as gatekeepers to ensure proper fund usage. Despite challenges, the PPP initiative has had a transformative effect, helping businesses sustain operations during unprecedented hardships.

Episode details come from the podcast's RSS feed.

Embed this episode

Attribution link and audio player

Ready to play

Kabbage is in Trouble | May 21, 2024

0:00 21:06

No transcript yet.

Requests help us decide what to transcribe next.

Share this episode

Similar podcasts

Profit Powerhouse Glenn Poulos Glenn Poulos is the co-founder, Vice President, and General Manager of Gap Wireless Inc., a leading product and service distributor for the mobile broadband and wireless markets. With over three decades of experience in sales, he has spent thousands of hours in the field or on the phone with customers and working with salespeople to help create several very successful companies. He is now also the host of this podcast, Profit Powerhouse!Our 20 to 30-min podcast shares amazing founder stories who reveal the smartest strategies for scaling TODAY. Speaking to Politics Mike Politics shape our world. The issues being decided in the halls of government every day have real and lasting impact on all our lives, but discussing politics is extremely unpleasant. It is very difficult today to have a calm, adult conversation about politics. Are the people screaming on TV, the radio, and online really who “we” are? Are they really representative of mainstream America or are they just really aggressive and loud? I believe the adults just got tired of it and walked away, but their silence is not consent. This podcast is the test of that theory. If you see fit to tune in, I will present news of the day, analysis and commentary while doing my best to check my feelings at the door and let you, the listeners, decide what it means to you. No ominous music, no angry rants, just a relaxed conversation and positive vibe. Politics, for reasonable people.

Frequently asked questions

How long is this episode of SBA Today?

This episode is 21 minutes long.

When was this SBA Today episode published?

This episode was published on May 31, 2024.

Can I download this SBA Today episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.