Hampton Roads businesses trying to tap into new Restaurant Revitalization Fund

Desy Papper

The fund opened Monday and almost 200,000 businesses applied in the first two days. There is a $28.6 billion money pot to pull from.

NORFOLK, Va. — More money is up for grabs for small business owners in the food industry and it’s already in high demand.

The Restaurant Revitalization Fund opened Monday and almost 200,000 businesses applied in the first two days. There is a $28.6 billion money pot to pull from.

This time around the focus is on specific types of business owners.

Hummingbird Macarons and Desserts owner Kisha Moore applied for the Restaurant Revitalization Fund first thing

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Three Maryland Residents Facing Federal Indictment for Dating and Business Email Compromise Scams With Alleged Losses of More Than $2.3 Million | USAO-MD

Desy Papper

Baltimore, Maryland – A federal grand jury has returned an indictment charging three defendants on federal charges of conspiracy to commit wire fraud, conspiracy to commit money laundering, and aggravated identity theft:

Noel Chimezuru Agoha, age 37, of Baltimore, Maryland
Sessieu Ange Oulai, age 34, of Parkville, Maryland, and
Kelechi Arthur Ntibunka, age 32, of Essex, Maryland.

The indictment was returned on March 22, 2021, and was unsealed today.  Agoha and Ntibunka were arrested yesterday and had their initial appearances today.  At today’s hearing, U.S. Magistrate Judge Beth P. Gesner ordered that Agoha and Ntibunka be detained pending a

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Paycheck Protection Program Is Out of Cash for Most Businesses

Desy Papper

​The Paycheck Protection Program has run out of money for most businesses, the Small Business Administration (SBA) announced May 4. The program was due to end on May 31.

“After more than a year of operation and serving more than 8 million small businesses, funding for the bipartisan Paycheck Protection Program has been exhausted,” said a Small Business Administration spokesperson.

The SBA has recently launched other, separate programs for specific businesses, such as restaurants and entertainment venues.

We’ve gathered articles on the Paycheck Protection Program from SHRM Online and other trusted media outlets.

Program’s Purpose

The Paycheck Protection Program was

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New York City Man Charged with Nearly $4 Million COVID-19 Relief Fraud Scheme and Money Laundering | OPA

Desy Papper

A criminal complaint was filed in the District of New Jersey today charging a dual-resident of New York and Florida with fraudulently obtaining and laundering nearly $4 million in funds from the COVID-19 relief Paycheck Protection Program (PPP).

According to court documents, Gregory J. Blotnick, 34, of New York City and West Palm Beach, used a variety of false representations to fraudulently obtain more than $3.8 million in federal COVID-19 PPP funds. To obtain the loan money, Blotnick submitted eight falsified loan applications to numerous lenders on behalf of five of Blotnick’s businesses, including his New York City-based hedge fund

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Small business COVID-19 relief program runs out of money | Business

Desy Papper

NEW YORK (AP) — The government’s key COVID-19 relief program for small businesses has run out of money.

The Small Business Administration said Wednesday that the Paycheck Protection Program has been exhausted. As of Sunday, the PPP had given out nearly 10.8 million loans worth more than $780 billion since April of last year.

The program, which has run out of cash and refunded by Congress twice before, was scheduled to expire May 31. It’s not yet known if lawmakers will approve another round of funding.

The SBA said in a statement it will still fund applications that have been

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