SBA Improperly Paid $4.5 Billion on ‘Flawed’ COVID-19 Grant Claims: WatchdogEpoch Times, United States politics | The Epoch Times

A Small Business Administration (SBA) emergency relief program, implemented during the onset of the pandemic, improperly paid nearly $4.5 billion to self-employed people, some of whom erroneously claimed they had additional workers. In a report (pdf) released on Thursday, the internal watchdog at the federal agency responsible for managing COVID-19 emergency loans and grants to small business owners and nonprofits said that the $20 billion Economic Injury Disaster Loan (EIDL) program failed to filter out applications with “flawed or illogical information.” Under the program, recipients were eligible for $1,000 per employee, with a $10,000 cap. SBA Inspector General Hannibal Ware determined that 542,897 individuals who received at least $1,000 failed to provide an Employer Identification Number (EIN), and claimed more than one employee on their applications. The absence of an EIN should have meant that the recipients should have received no more than $1,000 each, the inspector general said. Some …Read More

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