(Washington, DC) — Thousands of Paycheck Protection Program loans are falling into the wrongs hands. A House Oversight Committee report shows about ten-thousand loans worth over a billion dollars went to companies that received more than one PPP loan, which is a violation. Another 11-thousand totaling three-billion were given to businesses that did not include complete information from applicants. The program was meant to help small companies navigate economic hardships brought by the coronavirus pandemic. It expired last month but funds are still available from Congress.
Kaleb Martinez Copyright © 2020 TTWN Media Networks Inc.