According to a report from the Inspector General of the Small Business Administration to SBA Administrator Isabella Guzman, an estimated $3.6 billion of Economic Injury Disaster Loans (EIDL) were disbursed to potentially ineligible recipients.
The report found that $3.1 billion of the total was in the form of COVID-19 EIDL loans, while another $550 million was in the form of emergency EIDL grants.
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