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U.S. to relaunch small business pandemic aid program Monday with new fraud checks
By , WASHINGTON (Reuters) - The U.S. government is introducing new “robust safeguards” when the third round of the country’s main small business pandemic aid program launches on Monday after fraudsters and ineligible companies claimed cash last year, administration officials said on Friday.The Small Business Administration (SBA) will kick off the third round of the Paycheck Protection Program (PPP) on Monday, opening initially to community financial institutions and to all lenders shortly thereafter, the officials said during a media briefing.In contrast to the program’s previous two rounds...…By , WASHINGTON (Reuters) - The U.S. government is introducing new “robust safeguards” when the third round of the country’s main small business pandemic aid program launches on Monday after fraudsters and ineligible companies claimed cash last year, administration officials said on Friday.The Small Business Administration (SBA) will kick off the third round of the Paycheck Protection Program (PPP) on Monday, opening initially to community financial institutions and to all lenders shortly thereafter, the officials said during a media briefing.In contrast to the program’s previous two rounds...WW…
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