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Loans went here, there (50 went to LV!) [View All]

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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-30-05 11:52 AM
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Loans went here, there (50 went to LV!)
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WASHINGTON -- Fifty Las Vegas businesses received federally backed loans intended to help them recover from the post-9/11 economic downturn, even though a new audit concludes that most probably should not have qualified for the money.

A veterinary hospital, a tanning salon, a Quizno's sandwich shop, a barbershop, a child care center, a car wash and a dentist were among the Las Vegas recipients of Small Business Administration-guaranteed Supplemental Terrorist Activity Star Relief (STAR) loans, according to SBA data.

In an audit released right before Christmas, the SBA inspector general blamed top agency officials for promoting a special disaster loan program as one where "virtually any small business qualified."

more...

http://www.reviewjournal.com/lvrj_home/2005/Dec-30-Fri-2005/news/5132430.html
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