This story is available exclusively on Business Insider Prime.The Small Business Administration's loans program has been blasted for allowing disaster stimulus loans to go to big public companies instead of struggling small businesses.
Just 15% of the companies awarded SBA disaster relief loans after September 11 were qualified to receive them, a 2006 audit found. But records show the SBA has been cited and criticized for years about giving emergency stimulus money to the wrong companies – and former SBA officials say the game is weighted against the little guy in deeply entrenched ways.
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