#Forbes Conaway Makes Shock Claim: One Third Of Pandemic Small Business Loans Were Fraudulently Obtained
Conaway Makes Shock Claim: One Third Of Pandemic Small Business Loans Were Fraudulently Obtained
During a House Small Business and Entrepreneurship Committee hearing in July, Rep. Herb Conaway (D-NJ) claimed that one third of loans made to help small businesses during the pandemic were “fraudulently obtained.” The Small Business Administration Office of Inspector General claims that $36 billion of the $1.2 trillion loans were fraudulently obtained.
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