Thursday, September 08, 2005

9/11 Loans Misappropriated

A government loan program designed to assist small businesses recover from 9/11 in some cases were misappropriated. There was fund set up by the government of $5B. This was primarily administered by the Small Business Administration through banks. Some businesses got loans even though they were not directly impact by 9/11. Business owners say they were unaware that was what it was for when they received the loan.
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