Some Companies Got Both Government Contracts and PPP Loans
Source: Wall Street Journal
WASHINGTON—Some government contractors took out loans from the Paycheck Protection Program even as they were paid for government work during the pandemic, a Wall Street Journal analysis shows.
The forgivable loans were a lifeline for thousands of hard-hit businesses whose revenue evaporated this spring. Many contractors also judged themselves eligible even though they were working on active government projects, according to an analysis of recently released data on PPP borrowers and other records.
The issue is on the radar of government auditors and watchdog groups examining roughly 4.9 million companies who tapped the $670 billion program approved by Congress to help small businesses cope with the fallout from the coronavirus pandemic.
“If you had contracts on the books and were being paid and were in a strong financial situation, you shouldn’t have taken the money,” said Steve Ellis, president of Taxpayers for Common Sense, a nonpartisan government-spending watchdog.
Read more: https://www.msn.com/en-us/money/news/some-companies-got-both-government-contracts-and-ppp-loans/ar-BB16Vovj?li=BBnb7Kz
= new reply since forum marked as read
saving stamps in mailing those checks... This way they can be bundled into just one envelope....
Look at all the savings to us taxpayers............
Capitalism is not our friend. 
