Blog, April 2021

Millions of PPP and EIDL Loans Escape SBA Review, Government Report Finds

Submitted by mellissa on Mon, 04/05/2021 - 09:47
A new report from the Government Accountability Office (GAO) has revealed significant oversight deficiencies in the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan program (EIDL). This report demonstrates several of the GAO’s concerning discoveries, including incomplete loan reviews, lapses in recordkeeping, and insufficient oversight plans within the Small Business Administration (SBA).