US GAO – High Risk News until 2021: Emergency Loans for Small Businesses

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Description

In March, Congress expanded eligibility for trauma-related disaster loans to quickly help small businesses affected by COVID-19. The Small Business Administration has since granted or guaranteed about 15 million loans and grants totaling over $ 700 billion. GAO’s Bill Sheer discusses the risk of fraud and why we added these loans to our 2021 High Risk List.



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