The Biden administration plans to aggressively pursue thousands of small businesses that may have missed payments on an estimated $30 billion in overdue loans.
The data obtained by POGO appears to show mass close-outs of 2.7 million flags on two separate days near the end of the Trump administration. On a third day shortly before President Joe Biden’s inauguration, the SBA cleared out 99.1% of “special review” flags, almost entirely assigned to the very largest PPP loans above $2 million.
I don’t understand why all these dicks were allowed to get massive loans that they never have to pay back. Wtf.
Trump and the Republican are why.
https://www.pogo.org/investigations/the-great-pandemic-swindle-feds-botched-review-of-billions-in-suspect-ppp-loans
The whole program was designed as welfare for wealthy Conservatives like always.