When the federal government launched the Paycheck Protection Program last year to help small businesses struggling during the pandemic, it waived much of the vetting lenders traditionally do on business loans to get the aid distributed quickly. The lack of typical safeguards meant that fraud was likely, The New York Times reports, but a new
Researchers estimate 15% of PPP loans fraudulent
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
