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Shasta County businesses received nearly $387 million in COVID-era Paycheck Protection Plan loans. Most were forgiven by the federal government.

Signed into law in March 2020, the federal Paycheck Protection Program had major reach in Shasta County. The program created as part of the CARES Act provided forgivable, low-interest loans to help ...

Key Bank has agreed to pay more than $7.7 million to settle allegations that it submitted loan forgiveness applications for Paycheck Protection Program loans it knew were likely fraudulent. The ...

Regions Financial will pay nearly $5 million to settle allegations that it improperly approved forgiveness of a pandemic relief loan that was ineligible for the Small Business Administration's ...