SF companies to pay $6.8M to settle Paycheck Protection loan cases, U.S. attorney says

A software company and a robotics business, both headquartered in San Francisco, have agreed to pay a total of $6.8 million to settle allegations they violated the rules of federal Paycheck Protection Program loans, prosecutors said.

The companies are IGEL Technology Corp., a multinational software company, and SoftBank Robotics America, Inc., a unit of Japanese multinational investment holding company SoftBank Group Corp., according to the U.S. Attorney’s Office for Northern California.