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PPP Data Errors Raise Questions About Relief Effectiveness

  • Numerous loan values, jobs retained are incorrect in the data
  • ‘Something is screwed up there’: Small-business loan recipient
A pedestrian passes a boarded up store in Chicago, Illinois, U.S.

A pedestrian passes a boarded up store in Chicago, Illinois, U.S.

Photographer: Christopher Dilts/Bloomberg
Updated on

Herb Miller was baffled when he learned that the Trump administration reported that his one-man business in Hixson, Tennessee, was approved for a coronavirus relief loan of as much as $5 million. The amount was $3,700, he said.

“Something is screwed up there,” said Miller, who has been an accountant for almost five decades. “I’m going to have to get this straightened out.”