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SBA Suspends 24,492 Pennsylvania Borrowers in Fraud Sweep
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SBA Suspends 24,492 Pennsylvania Borrowers in Fraud Sweep
WASHINGTON, D.C. — The U.S. Small Business Administration suspended 24,492 Pennsylvania borrowers tied to about $1.19 billion in approved Paycheck Protection Program and COVID-19 Economic Injury Disaster Loan funding as part of a nationwide crackdown on suspected pandemic-era fraud. The Pennsylvania suspensions are part of action against 870,000 borrowers nationwide connected to an estimated $39 billion in suspected fraudulent PPP and COVID EIDL…
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