Tens of thousands of small-business loans under the Paycheck Protection Program (PPP) may have been subjected to fraud, waste, and abuse, a report said.
Law firms, elite private and charter schools, and celebrity-owned businesses received taxpayer-funded relief packages from the administration worth between $150,000 and $5 million.
Funding and growth remains a big challenge for Latino businesses, from hi-tech startups to the mom and pop restaurant on the corner. One startup founded by two Harvard Business school students, who are also twin brothers, aims to pin its own by growth on helping small Latino businesses reach their full potential.
Several small non-agricultural establishments in the Paso del Norte borderland are eligible of loans through the U.S. Business Administration, due to droughts extending across the region.
