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News Articles: PPP

An NPR analysis of data released Jan. 8 by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, despite rampant fraud in the program.

How the Paycheck Protection Program went from good intentions to a huge free-for-all

An NPR analysis of data released by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, even though the program was rampant with fraud.

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By:
  • Sacha Pfeiffer and
  • Austin Fast
The Department of Justice building in Washington on February 9, 2022.

A Florida man is accused of $2.5 million COVID-19 relief fraud

A 34-year-old man was charged with one count of wire fraud after being accused of filing a fraudulent loan application in 2020.

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By:
  • Shauneen Miranda
A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020, in New York. Many small businesses benefited from a government emergency loan program during the pandemic, but its effectiveness is still in doubt.

Did Emergency PPP Loans Work? Nearly $800 Billion Later, We Still Don't Know

The Paycheck Protection Program, which provided emergency loans to small businesses amid the pandemic, will wind down soon. Economists are divided on whether it saved enough jobs to justify its cost.

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By:
  • Scott Horsley
A waiter wearing a mask and gloves delivers food to a table to customers seated at an outdoor patio at a restaurant in Washington, D.C. in May.

Relief Act Means 'A Good Night's Sleep' For Food Industry, Says NYC Restaurateur

Chef Amanda Cohen, owner of Dirt Candy in New York City, says the coronavirus relief package's $28.6 billion for independent and small-chain restaurants means many in the industry can stay afloat.

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By:
  • Mary Louise Kelly