SBA Accused of Skirting Financial Disclosure Rule

Inspectors general ask agency to detail PPP loans of $25,000 or more, citing 2006 law

When the coronavirus hit this spring, Atlanta-based Motion Stability owner Brian Yee relied on PPP to pay his staff of physical therapists and keep his business operating. Now his eight-week loan forgiveness period is ending as Georgia faces a surge in new Covid-19 cases.

A watchdog panel of government inspectors general is asking the Small Business Administration to provide the names of borrowers who received Paycheck Protection Program loans of $25,000 and up, citing a 2006 law that requires their disclosure.

香蕉视频苹果下载The request is being made by the Pandemic Response Accountability Committee, a panel of inspectors general from across the government that is responsible for ensuring relief funds appropriated under the $2 trillion Cares Act and other pandemic relief measures are being spent appropriately.

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