Reply #6: a few weeks ago

[Bombero1956]

NBC did a story under their "Fleecing of America" series on this program. Many loans went to local outlets of some of America's most famous and lucrative companies. For instance, 55 Dunkin' Donuts shops across the country, 14 Quiznos sandwich shops and 52 Subway sandwich shops got loans. Fourteen Dairy Queens — part of the ice cream franchise partly owned by Wall Street billionaire Warren Buffett — won more than $5 million in loans.

"I just applied for the loan at the bank. I had no idea where the funds came from," said Tom Mayl, who got two SBA Sept. 11 loans totaling more than $800,000 to open a Subway shop in suburban Dayton, Ohio, and a Buffalo Wild Wings restaurant in Sidney, Ohio.

"It doesn't seem right, just on the surface, but I really don't know the details," Mayl said.

Don Robinson said he too didn't need or ask for terrorism relief when he got a $765,000 government-backed loan in 2003 — drawn without his knowledge from the Sept. 11 program — to start a motorcycle shop in Brigham City, Utah.

http://infinitycommercialgroup.net/news/sept%2005/911%209%2009%2005.htm


On edit: this money came from an SBA run program not the one in the OP, but the story is the same, people who really needed help didn't get it while people who didn't need it did.