Paycheck Protection Program

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.”

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.

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?

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.