Sector Regulation Sector Regulation

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 subsidiaries of a

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