Financial Services Financial Services

US small-business loan program restricted as funds run dry, evidence of fraud surfaces

By Neil Roland
  • 01 May 2020 16:04
  • 01 May 2020 16:04
A US small-business loan program that has been tainted by reports of large-company exploitation is being restricted by the Small Business Administration as $659 billion is depleted and new evidence of fraud has been discovered.
The interim SBA Paycheck Protection Program rule is limiting the amount of loans available to

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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