The Transylvania Times -

Inexcusable Waste Of Small Business Loans

 

Last updated 4/22/2020 at 2:53pm



When Congress passed the stimulus bill addressing the financial crisis resulting from COVID-19, it restricted use of the funds and required oversight and reporting to Congress. As President Trump signed it, he stated he would not be restricted or submit reports on the use of the funds. This is one time he has kept his word.

The Payment Protection Plan (PPP), the $350 billion portion of the stimulus, was targeted to assist small businesses suffering because of COVID-19. The administration claims it has been “perfect” administering the PPP funds. However, the funds are fully depleted...



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