SBA presses big businesses to justify aid, sparking uproar

By artappraiser on Fri, 10/30/2020 - 8:50pm |

The questions posed by the SBA have rattled banks, which issued the loans and would be responsible for delivering the questionnaires to the agency.

The Small Business Administration is quietly rolling out an effort to scrutinize the largest businesses that took PPP loans during the pandemic, demanding new details about their operations to justify the aid https://t.co/qR2MbmpDby
— Zachary Warmbrodt (@Zachary) October 30, 2020

URL:

https://www.politico.com/news/2020/10/30/sba-big-businesses-ppp-loans-433736

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The SBA doesn’t want to talk about how it’s reviewing the largest PPP loans. This week it started circulating a “loan necessity” questionnaire but not widely. It declined to comment on the form, which I obtained from other sources https://t.co/3PzTQCsNmT
— Zachary Warmbrodt (@Zachary) October 31, 2020

The link to the questionnaire is now open outside the paywall https://t.co/3PzTQCbbYj
— Zachary Warmbrodt (@Zachary) October 31, 2020

by artappraiser on Fri, 10/30/2020 - 8:54pm

SBA presses big businesses to justify aid, sparking uproar

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