Los Angeles Daily News: Local businesses find more errors in federal PPP loan data

Los Angeles Daily News: Local businesses find more errors in federal PPP loan data. “Loans from the federal government’s Paycheck Protection Program, more commonly known as PPP, were meant to be a lifeline for local businesses navigating the coronavirus pandemic. It succeeded, by almost all accounts, but left news reporters across the country baffled when they found the data, released this month, riddled with errors. The size of some loans were overstated by millions — including one South Bay business whose $66,000 loan was somehow listed as between $5 to $10 million, this newsgroup found — while some were counted twice.”

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