U.S. Economy: PPP Money Grab Could Turn into SBA Audits

Published: July 11, 2020, 2:16 a.m.

Businesses large and small lined up for the government\u2019s Paycheck Protection Program, and now many of them may be lining up for an audit. The program was designed to help companies that were hurt by the coronavirus with loans that are forgivable if employees are kept on the payroll. But loans were approved quickly, without a lot of documentation, and now many businesses may have to prove that they truly meet the loan criteria, or give the money back. \xa0 www.NewsForInvestors.com