"One lucky borrower got 17 PPP loans: How the Trump administration lost millions in an effort to shore up small businesses"

"At least 104 borrowers received three or more loans. One borrower received 17 loans from the federal government, for a total of $1.3 million. It was not clear who that 17-loan recipient was or how the borrower managed to secure so many loans when other prospective borrowers struggled to win a single award through the business-rescue program.

An official with the SBA inspector general’s office declined to divulge information about that borrower, or whether the borrower was being investigated by the agency. That official did confirm to Yahoo News that the 17 loans were not separate franchises of a large corporate chain, in which case the loans would have adhered to the program’s guidelines."

https://www.yahoo.com/news/one-lucky-borrower-got-17-ppp-loans-how-the-trump-administration-lost-millions-in-an-effort-to-shore-up-small-businesses-140929722.html