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small business administration

The Government Is Here to Help Small Businesses — Unless They’re Cooperatives

The Small Business Administration’s rules prevent it from helping most employee- and consumer-owned cooperatives, even though Congress specifically asked it to. The result? Co-ops are largely cut out of the mainstream financial system.

Hundreds of PPP Loans Went to Fake Farms in Absurd Places

An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.”

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