SBA Loans Scrutinized

The Small Business Administration is scrutinizing PPP loans that were administered.

“Those loans—which have been marked by SBA as being in “research” status—must be reviewed for accuracy and completeness. A lender should verify the borrower’s name, EIN or Social Security number for these loans and make any necessary changes by tomorrow at 5 p.m. EDT,” says the American Bankers Association.

Read more here.