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Online Exclusive: Looking Back on PPP Loans

Articles Logan Wamsley Aug 31, 2023

The U.S. small business loan program provided a lifeline for companies during the pandemic but struggled with risks and fraud.

The pandemic-era Paycheck Protection Program was intended to distribute relief money to companies as quickly as possible to preserve jobs and the economy. But some banks were exposed to fraud or were left with unprofitable loans on their books.

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Logan Wamsley

Logan Wamsley is associate manager, Content Development at The IIA.