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In June, the U.S. Small Business Administration from the Office of Inspector General finding at least 17% of the $1.2 trillion in relief funds distributed by the SBA were wasted in fraud.
U.S. Small Business Administration Administrator Isabella Casillas Guzman speaks with Art and Kathy Cervantes, owners of K&A Downtown Cafe & Cervantes Mexican Kitchen in Anaheim, during a stop on a walking tour in Anaheim on Friday, February 3, 2023.
Source: https://www.ocregister.com/2023/02/03/bidens-small-business-administration-chief-tours-anaheim/
U.S. Small Business Administration is wrapping up the year reporting a significant drop in both the number of loans made to Iowa businesses and the overall dollar amount approved.
Source: https://www.radioiowa.com/2023/12/13/sba-loans-to-iowa-businesses-dropped-in-2023/