The Small Business Administration Didn’t Follow Directives on Small-Business Credits—Inspector General

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Further, the inspector general discovered that the agency failed to adhere to the CARES Act’s requirements on providing directives on recording program loans and credit postponement.

The inspector general urged many actions the SBA can take to better get its PPP behavior in line with the law. That includes reconsidering the requirement mandating that 75% of the credit go to salaries.

Source: WSJ