PPP Loans Approved for Businesses on Treasury ‘Do Not Pay List,’ IG Report Finds

The Inspector General of the Small Business Administration warned that during the earlier Paycheck Protection Program lending, businesses on a Treasury Department “Do Not Pay” list were approved for $3.6 billion in loans. It is not clear how much of the money was actually distributed.

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PPP Loans Approved for Businesses on Treasury ‘Do Not Pay List,’ IG Report Finds

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