An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.” Continue Reading Hundreds Of PPP Loans For Pandemic Read More
Prosecutors say those charged attempted to steal more than $175 million from the Paycheck Protection Program, which is meant to provide relief to small businesses impacted by the pandemic. Continue Reading 57 People Face Federal Charges Read More
Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened? Continue Reading How The Small Business Loan Program Went Wrong In Just 4 Read More
Bankers tell NPR that the SBA's portal wouldn't allow them to enter the loan application information that is needed to access the PPP program. Continue Reading Small Business Loans Site Crashes On First Day Of ReopeningRead More