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Watchdog Says $684 Million in Pandemic Loans Went to 'Potentially Ineligible' Nonprofits - Vimarsana News

Watchdog Says $684 Million in Pandemic Loans Went to 'Potentially Ineligible' Nonprofits

The Small Business Administration (SBA) likely distributed hundreds of millions of dollars’ worth of Paycheck Protection Program (PPP) loans to nonprofits that may not have been eligible to receive such funds, according to the Office of the Inspector General (OIG) of SBA.