https://pandemicdarlings.com/ New articles, data and record collections from Pandemic Darlings. en-us Fri, 25 Sep 2026 12:00:00 +0000 https://pandemicdarlings.com/main-street-2020-2022/ https://pandemicdarlings.com/main-street-2020-2022/ Fri, 25 Sep 2026 12:00:00 +0000 A dated visual record of the pandemic small-business moment, 2020–2022: 11 street photographs set against six captures of online loan portals and their marketing. https://pandemicdarlings.com/charts/blueacorn-flow-of-funds/ https://pandemicdarlings.com/charts/blueacorn-flow-of-funds/ Thu, 24 Sep 2026 12:00:00 +0000 Blueacorn took in about $1.09 billion in 2021 PPP fees; per its own books as cited by a House report, $666 million went to a marketing firm run by its leadership, $8.7 million to fraud prevention. https://pandemicdarlings.com/charts/revolving-door-pandemic-oversight/ https://pandemicdarlings.com/charts/revolving-door-pandemic-oversight/ Thu, 24 Sep 2026 12:00:00 +0000 Seventeen pandemic-oversight and enforcement lawyers and inspectors general, and where public records show them later: law-firm investigations practices, lobbying, industry and public service. https://pandemicdarlings.com/charts/womply_vs_blueacorn_loans_over_time/ https://pandemicdarlings.com/charts/womply_vs_blueacorn_loans_over_time/ Thu, 24 Sep 2026 12:00:00 +0000 Weekly 2021 PPP approvals at three Womply partner lenders and Blueacorn’s two, from SBA loan-level data: second draws came a median 23 days after the first, vs 49. Lines are upper bounds. https://pandemicdarlings.com/data/doj-pandemic-enforcement-by-year/ https://pandemicdarlings.com/data/doj-pandemic-enforcement-by-year/ Thu, 24 Sep 2026 12:00:00 +0000 Justice Department press releases on pandemic relief fraud, counted by year and by what each one announces, from new charges to civil settlements. https://pandemicdarlings.com/data/erc-claims-and-enforcement/ https://pandemicdarlings.com/data/erc-claims-and-enforcement/ Thu, 24 Sep 2026 12:00:00 +0000 Official ERC figures from the IRS, IRS-CI, TIGTA, GAO, the National Taxpayer Advocate and the Treasury, and the Justice Department's ERC cases. https://pandemicdarlings.com/data/ppp-charge-offs-by-lender/ https://pandemicdarlings.com/data/ppp-charge-offs-by-lender/ Thu, 24 Sep 2026 12:00:00 +0000 Every PPP lender with the number and share of its loans SBA lists as charged off in its September 30, 2024 loan-level release: 4,689 lenders. https://pandemicdarlings.com/data/ui-fraud-estimates/ https://pandemicdarlings.com/data/ui-fraud-estimates/ Thu, 24 Sep 2026 12:00:00 +0000 Official figures for fraud, improper payments and overpayments in the pandemic unemployment programs, by what each measures: 32 figures. https://pandemicdarlings.com/data/ui-pandemic-overpayments-by-state/ https://pandemicdarlings.com/data/ui-pandemic-overpayments-by-state/ Thu, 24 Sep 2026 12:00:00 +0000 Overpayments the states established, recovered and waived in the pandemic unemployment programs, from DOL's own report files: 265 rows. https://pandemicdarlings.com/data/womply-fees-by-lender/ https://pandemicdarlings.com/data/womply-fees-by-lender/ Thu, 24 Sep 2026 12:00:00 +0000 Womply's 2021 fees from the seven lenders that funded its PPP referrals come to $1.8 billion to $2.6 billion, on about $3.0 billion in SBA processing fees. https://pandemicdarlings.com/guides/erc/ https://pandemicdarlings.com/guides/erc/ Thu, 24 Sep 2026 12:00:00 +0000 What the Employee Retention Credit was, how the law changed, the claims wave, the IRS moratorium and disclosure programs, and the enforcement record. https://pandemicdarlings.com/guides/unemployment-insurance/ https://pandemicdarlings.com/guides/unemployment-insurance/ Thu, 24 Sep 2026 12:00:00 +0000 What the pandemic unemployment programs were, how 53 state agencies paid them out, how the fraud worked, the official estimates, and overpayments by state. https://pandemicdarlings.com/data/womply-loan-count/ https://pandemicdarlings.com/data/womply-loan-count/ Wed, 23 Sep 2026 12:00:00 +0000 How this archive counts Womply's PPP loans: court-record figures for three lenders plus four lenders' 2021 loans, more than 1,293,428 loans in all. https://pandemicdarlings.com/articles/how-much-money-did-womply-really-make/ https://pandemicdarlings.com/articles/how-much-money-did-womply-really-make/ Mon, 21 Sep 2026 12:00:00 +0000 The most-cited number about the most-investigated fintech of the pandemic is "$2 billion." https://pandemicdarlings.com/data/pandemic-enforcement-events-2026/ https://pandemicdarlings.com/data/pandemic-enforcement-events-2026/ Mon, 21 Sep 2026 12:00:00 +0000 Federal actions on the pandemic relief programs announced in 2026, and the figures each announcement prints: 57 figures across 20 actions. https://pandemicdarlings.com/data/pandemic-fraud-estimates/ https://pandemicdarlings.com/data/pandemic-fraud-estimates/ Mon, 21 Sep 2026 12:00:00 +0000 Published estimates of pandemic relief fraud, improper payment and recovery: 22 estimates from 12 documents by 8 issuers, each in the issuer's own terms. https://pandemicdarlings.com/data/ppp-outcomes-literature/ https://pandemicdarlings.com/data/ppp-outcomes-literature/ Mon, 21 Sep 2026 12:00:00 +0000 Findings about the outcomes of the Paycheck Protection Program, each read off a document this archive holds as a file: 82 findings from 40 documents. https://pandemicdarlings.com/data/ppp-small-loan-access/ https://pandemicdarlings.com/data/ppp-small-loan-access/ Mon, 21 Sep 2026 12:00:00 +0000 How the smallest PPP loans got out, month by month: 151 cells of approval month, loan-size band and draw, with loans, dollars, median loan and lender fee. https://pandemicdarlings.com/data/recovery-ledger-sample-2026/ https://pandemicdarlings.com/data/recovery-ledger-sample-2026/ Mon, 21 Sep 2026 12:00:00 +0000 Money figures printed in held documents for 31 concluded federal prosecutions, each kept at its own stage. https://pandemicdarlings.com/court-filings/us-v-spike/2026-09-19-docket-report-tanya-pierre/ https://pandemicdarlings.com/court-filings/us-v-spike/2026-09-19-docket-report-tanya-pierre/ Sat, 19 Sep 2026 12:00:00 +0000 Docket Report (Tanya Pierre, entries from July 23, 2026) — United States v. Sniders Jean-Jacques, Lorne Johnson, Tanya Pierre, and Ashley Spike, filed September 19, 2026. 2-page court filing with full text and the original PDF. https://pandemicdarlings.com/analysis/criminal-cases-visuals/pandemic-fraud-dashboard/ https://pandemicdarlings.com/analysis/criminal-cases-visuals/pandemic-fraud-dashboard/ Fri, 18 Sep 2026 12:00:00 +0000 2,709 Justice Department pandemic-fraud cases in one table: how big the frauds were, where they were charged and how they end. $3.7 billion charged in resolved cases against $2.1 trillion disbursed. https://pandemicdarlings.com/analysis/eidl/eidl-explorer/ https://pandemicdarlings.com/analysis/eidl/eidl-explorer/ Fri, 18 Sep 2026 12:00:00 +0000 COVID-EIDL explorer: 3.68 million direct SBA loans, $370.3 billion in face value, a $44.6 billion expected cost on the government's books (an estimate, not losses), by state, month, size and type. https://pandemicdarlings.com/analysis/gig-workers-2020-v-2021/gig-relief-stack/ https://pandemicdarlings.com/analysis/gig-workers-2020-v-2021/gig-relief-stack/ Fri, 18 Sep 2026 12:00:00 +0000 Rideshare and delivery drivers got 40,461 PPP loans in 2020 and 409,313 in 2021, three-quarters via the Womply and Blueacorn lender networks; EIDL and PUA reached them in 2020. https://pandemicdarlings.com/analysis/international/charts/international-relief-dashboard/ https://pandemicdarlings.com/analysis/international/charts/international-relief-dashboard/ Fri, 18 Sep 2026 12:00:00 +0000 109 program-figures across 24 countries from a 114-row primary-source register: fraud and error rates that measure different things, rescue size where a source stated it, and who each country paid. https://pandemicdarlings.com/analysis/program-overlap/expansion/program-overlap-expansion-explorer/ https://pandemicdarlings.com/analysis/program-overlap/expansion/program-overlap-expansion-explorer/ Fri, 18 Sep 2026 12:00:00 +0000 A looser-match view of pandemic aid overlap: 195,574 entities and $117.86 billion (grants plus loan face value) once venue, affiliate and candidate layers stack on the strict baseline. https://pandemicdarlings.com/analysis/program-overlap/program-overlap-explorer/ https://pandemicdarlings.com/analysis/program-overlap/program-overlap-explorer/ Fri, 18 Sep 2026 12:00:00 +0000 The searchable companion to the program-overlap chart: all 91,448 businesses that drew on two or more of PPP, EIDL, RRF and SVOG — $60.9 billion combined — searchable by business name and filterable by program combination, state and match confidence. One row pairs RRF with SVOG, which the statute forbade. https://pandemicdarlings.com/analysis/public-company-ppp-opportunity/outputs/borrower_migration_sankey/ https://pandemicdarlings.com/analysis/public-company-ppp-opportunity/outputs/borrower_migration_sankey/ Fri, 18 Sep 2026 12:00:00 +0000 Where seven 2020 PPP lender cohorts got their 2021 second draws: 78,257 of 283,560 borrowers matched; Capital One and LendingClub kept 87-89%, Kabbage 26.1%, Amex and Intuit none. https://pandemicdarlings.com/analysis/relief-systems/relief-systems-hub/ https://pandemicdarlings.com/analysis/relief-systems/relief-systems-hub/ Fri, 18 Sep 2026 12:00:00 +0000 PPP, COVID-EIDL, PPPLF and Main Street ran on different rails and failed in different ways: eleven charts comparing the four by channel, geography, controls and afterlife. https://pandemicdarlings.com/asymmetry-clock/ https://pandemicdarlings.com/asymmetry-clock/ Fri, 18 Sep 2026 12:00:00 +0000 A PPP application advertised in about five minutes, 3.7 million GAO-flagged PPP and EIDL recipients, 937 federal benefits-fraud sentencings in fiscal 2024. GAO says the flags need further review. https://pandemicdarlings.com/cdfi-platform-decomposition/ https://pandemicdarlings.com/cdfi-platform-decomposition/ Fri, 18 Sep 2026 12:00:00 +0000 Blueacorn and Womply facilitated 1.07 million of the 1.32 million PPP loans made through community-development lenders, reaching low-income and HUBZone tracts at about twice the banks' rate. https://pandemicdarlings.com/charts/identity-theft-gradient/ https://pandemicdarlings.com/charts/identity-theft-gradient/ Fri, 18 Sep 2026 12:00:00 +0000 Of 1,977 classified pandemic relief-fraud cases, 246 carry identity-theft indicators — 12.4% of prosecuted cases, a lower bound. Among the 849 cases tagged to EIDL, the rate rises to 16.1%. These are litigation and document indicators, not adjudicated fraud counts. https://pandemicdarlings.com/charts/pandemic-relief-recovery-routing/ https://pandemicdarlings.com/charts/pandemic-relief-recovery-routing/ Fri, 18 Sep 2026 12:00:00 +0000 Seven pandemic relief programs, two desks. The IRS recovers the credits claimed on a tax return — ERC and the paid-leave credits as employment-tax underpayments, the advance Child Tax Credit on the 1040 — but stimulus over-claims already paid are not clawed back, and PPP and EIDL were kept out of the tax code, so recovery runs through SBA, Treasury Offset and DOJ. https://pandemicdarlings.com/charts/ppp-lender-share-vs-dollars-bubble/ https://pandemicdarlings.com/charts/ppp-lender-share-vs-dollars-bubble/ Fri, 18 Sep 2026 12:00:00 +0000 An interactive bubble chart of every major PPP lender: share of 11.47 million loans against dollars, jobs or businesses served; Womply and Blueacorn shown as consolidated networks. https://pandemicdarlings.com/data/frb-mslp-ppplf-2026-07-21/ https://pandemicdarlings.com/data/frb-mslp-ppplf-2026-07-21/ Fri, 18 Sep 2026 12:00:00 +0000 The Federal Reserve's transaction-level disclosures for two pandemic facilities: 1,830 Main Street loans as of 31 January 2021, and 346 PPPLF advance records as of 31 March 2026. https://pandemicdarlings.com/data/hhs-prf-arp-rural-2026-07-21/ https://pandemicdarlings.com/data/hhs-prf-arp-rural-2026-07-21/ Fri, 18 Sep 2026 12:00:00 +0000 Two HRSA payment lists as data.cdc.gov publishes them: 419,846 Provider Relief Fund payments and 47,087 American Rescue Plan Rural payments, one row per provider. https://pandemicdarlings.com/data/treasury-psp-2026-07-21/ https://pandemicdarlings.com/data/treasury-psp-2026-07-21/ Fri, 18 Sep 2026 12:00:00 +0000 PSP1, PSP2 and PSP3 payments as Treasury published them — 611, 489 and 484 rows — with the raw HTML of the CARES section 4003 loan page, which Treasury never published as a data file. https://pandemicdarlings.com/fee-counterfactual/ https://pandemicdarlings.com/fee-counterfactual/ Fri, 18 Sep 2026 12:00:00 +0000 PPP paid lenders $38.236B in origination fees. Rerun 2021's loans under the leaner 2020 fee schedule and the bill drops $8.74B — the price of a rule change that tripled the fee on the smallest loans. https://pandemicdarlings.com/guaranty-purchase-timeline/ https://pandemicdarlings.com/guaranty-purchase-timeline/ Fri, 18 Sep 2026 12:00:00 +0000 SBA can refuse to buy back a defaulted PPP guaranty — a decades-old lever lenders used to sue over. Across the eight lenders of record SBA named in December 2022, zero sued; every resolution among those eight happened off the public docket, and no cash recovery to the government appears in the assembled record. https://pandemicdarlings.com/source-documents/doj-usao-dc-press-release-georgia-man-sentenced-using-defunct-trucking-f4340317a7/ https://pandemicdarlings.com/source-documents/doj-usao-dc-press-release-georgia-man-sentenced-using-defunct-trucking-f4340317a7/ Fri, 18 Sep 2026 12:00:00 +0000 Georgia Man Sentenced for Using Defunct Trucking Company to Steal More…: press release dated September 18, 2026. https://pandemicdarlings.com/source-documents/doj-usao-sdtx-press-release-former-banker-sentenced-defrauding-bank-th-89966d6bf8/ https://pandemicdarlings.com/source-documents/doj-usao-sdtx-press-release-former-banker-sentenced-defrauding-bank-th-89966d6bf8/ Fri, 18 Sep 2026 12:00:00 +0000 Former banker sentenced for defrauding bank through PPP loan scheme: press release dated September 18, 2026. https://pandemicdarlings.com/charts/program-overlap/ https://pandemicdarlings.com/charts/program-overlap/ Thu, 17 Sep 2026 12:00:00 +0000 An interactive map of program overlap: 91,448 entities matched across PPP, EIDL, the Restaurant Revitalization Fund and Shuttered Venue grants. 51,492 touched two programs, 39,956 touched three. Overlap is an eligibility and matching signal, not a claim of fraud. https://pandemicdarlings.com/charts/sentences-db/ https://pandemicdarlings.com/charts/sentences-db/ Thu, 17 Sep 2026 12:00:00 +0000 A cleaned set of 763 pandemic relief-fraud sentences with a real custodial term, drawn from a 1,133-row ledger. The median sentence is 37 months. Sentences by fraud family and by length band, with the cleaning rule stated in full. https://pandemicdarlings.com/court-filings/full-docket-francesco-distefano-ilnd-464178/2026-09-17-agreed-order-extending-third-party-forfeiture-petition-deadline/ https://pandemicdarlings.com/court-filings/full-docket-francesco-distefano-ilnd-464178/2026-09-17-agreed-order-extending-third-party-forfeiture-petition-deadline/ Thu, 17 Sep 2026 12:00:00 +0000 Agreed order extending third-party forfeiture petition deadline — USA v. Distefano — U.S. District Court, Northern District of Illinois, filed September 17, 2026. 1-page court filing with full text and the original PDF. https://pandemicdarlings.com/how-relief-fraud-worked/ https://pandemicdarlings.com/how-relief-fraud-worked/ Thu, 17 Sep 2026 12:00:00 +0000 A plain-language walkthrough of the documented fraud schemes across PPP, EIDL, unemployment, and the ERC — how each worked from the applicant's side, the specific loophole it exploited, and the adjudicated case behind it. More than $200B was flagged as potential fraud; DOJ has announced charges covering about $2B in alleged loss. https://pandemicdarlings.com/ppp-fraud-by-year-and-draw/ https://pandemicdarlings.com/ppp-fraud-by-year-and-draw/ Thu, 17 Sep 2026 12:00:00 +0000 SBA OIG, GAO, and the conviction record measure PPP fraud with numbers 100x apart — >$200B flagged, ~$36B 'likely' across SBA's pandemic programs, >$2B charged. None cleanly splits fraud by 2020 vs 2021 or first- vs second-draw. What the record does show: two-thirds of PPP dollars were approved before SBA expanded its fraud screening in January 2021, and 2021's rule and lender changes moved fraud's shape more than its total. https://pandemicdarlings.com/relief-actor-map/ https://pandemicdarlings.com/relief-actor-map/ Thu, 17 Sep 2026 12:00:00 +0000 An interactive map of every actor that touched pandemic relief — federal agencies, state agencies, the contractors who built the loan systems, lenders, fintech facilitators, 15 million loans, and the enforcement apparatus watching over the top. https://pandemicdarlings.com/source-documents/doj-usao-ma-press-release-district-massachusetts-joins-doj-fraud-divis-7d1931e63b/ https://pandemicdarlings.com/source-documents/doj-usao-ma-press-release-district-massachusetts-joins-doj-fraud-divis-7d1931e63b/ Thu, 17 Sep 2026 12:00:00 +0000 District of Massachusetts Joins DOJ Fraud Division, SBA and SBA-OIG in…: press release dated September 17, 2026. https://pandemicdarlings.com/source-documents/doj-usao-ma-press-release-trax-retail-inc-agrees-pay-3-million-resolve-a7f12c6f76/ https://pandemicdarlings.com/source-documents/doj-usao-ma-press-release-trax-retail-inc-agrees-pay-3-million-resolve-a7f12c6f76/ Thu, 17 Sep 2026 12:00:00 +0000 Trax Retail, Inc. Agrees to Pay $3 Million to Resolve Allegations of PPP…: press release dated September 17, 2026. https://pandemicdarlings.com/source-documents/doj-usao-sdin-press-release-us-attorneys-office-joins-doj-fraud-divisi-e7d6c83c67/ https://pandemicdarlings.com/source-documents/doj-usao-sdin-press-release-us-attorneys-office-joins-doj-fraud-divisi-e7d6c83c67/ Thu, 17 Sep 2026 12:00:00 +0000 U.S. Attorney’s Office Joins DOJ Fraud Division, SBA, and SBA OIG in…: press release dated September 17, 2026. https://pandemicdarlings.com/source-documents/doj-usao-wdmo-press-release-two-defendants-indicted-covid-19-fraud-202-f87cca27d9/ https://pandemicdarlings.com/source-documents/doj-usao-wdmo-press-release-two-defendants-indicted-covid-19-fraud-202-f87cca27d9/ Thu, 17 Sep 2026 12:00:00 +0000 Two Defendants Indicted for COVID-19 Fraud: press release dated September 17, 2026. https://pandemicdarlings.com/source-documents/sba-oig-news-two-defendants-indicted-covid-fraud-2026-09-17-a933f93597/ https://pandemicdarlings.com/source-documents/sba-oig-news-two-defendants-indicted-covid-fraud-2026-09-17-a933f93597/ Thu, 17 Sep 2026 12:00:00 +0000 Two Defendants Indicted for COVID-19 Fraud: press release dated September 17, 2026. https://pandemicdarlings.com/articles/the-2025-erc-endgame/ https://pandemicdarlings.com/articles/the-2025-erc-endgame/ Mon, 14 Sep 2026 12:00:00 +0000 A single sentence in a 2025 reconciliation bill closed off part of the Employee Retention Credit by date rather than by eligibility. https://pandemicdarlings.com/articles/pondera-1-1-million-flags/ https://pandemicdarlings.com/articles/pondera-1-1-million-flags/ Mon, 07 Sep 2026 12:00:00 +0000 A Thomson Reuters subsidiary scored nearly ten million pandemic-era unemployment claims for California. The state stopped paying 1.1 million of them. https://pandemicdarlings.com/articles/letter-105-c-starts-a-clock/ https://pandemicdarlings.com/articles/letter-105-c-starts-a-clock/ Mon, 31 Aug 2026 12:00:00 +0000 The Employee Retention Credit has a merits fight — whether a given business actually qualified, whether a government order suspended its operations. https://pandemicdarlings.com/articles/the-filter-that-froze-california/ https://pandemicdarlings.com/articles/the-filter-that-froze-california/ Mon, 24 Aug 2026 12:00:00 +0000 California's unemployment-card scandal ran the other way: a fraud filter locked real people out of benefits they had already won. https://pandemicdarlings.com/articles/the-erc-mill-economy/ https://pandemicdarlings.com/articles/the-erc-mill-economy/ Mon, 17 Aug 2026 12:00:00 +0000 The Employee Retention Credit was born as a quiet tax subsidy and grew into a cold-call industry. https://pandemicdarlings.com/articles/pua-self-certification-problem/ https://pandemicdarlings.com/articles/pua-self-certification-problem/ Mon, 10 Aug 2026 12:00:00 +0000 Pandemic Unemployment Assistance had a moral reason to exist. The old unemployment system was built around payroll jobs and employer wage records. https://pandemicdarlings.com/articles/hrsa-uninsured-program-paid-for-insured-patients/ https://pandemicdarlings.com/articles/hrsa-uninsured-program-paid-for-insured-patients/ Mon, 03 Aug 2026 12:00:00 +0000 The HRSA Uninsured Program had a clean promise: if a provider tested or treated an uninsured person for COVID, the federal government would pay. https://pandemicdarlings.com/articles/blake-hall-and-id-me-california-contract/ https://pandemicdarlings.com/articles/blake-hall-and-id-me-california-contract/ Mon, 27 Jul 2026 12:00:00 +0000 A daily-deals site for veterans became the identity gate for at least 25 state unemployment agencies. https://pandemicdarlings.com/articles/the-bottom-line-concepts-contract/ https://pandemicdarlings.com/articles/the-bottom-line-concepts-contract/ Mon, 20 Jul 2026 12:00:00 +0000 A Nevada charter school's board packet, posted because state law required it, contains a fully executed ERC consulting agreement. https://pandemicdarlings.com/articles/the-fifty-percent-rule/ https://pandemicdarlings.com/articles/the-fifty-percent-rule/ Mon, 13 Jul 2026 12:00:00 +0000 When the government sets a services contract aside for a small business, it attaches a rule that controls how much work the prime must retain. https://pandemicdarlings.com/articles/rer-eidl-contract-six-employees-340-million/ https://pandemicdarlings.com/articles/rer-eidl-contract-six-employees-340-million/ Mon, 06 Jul 2026 12:00:00 +0000 An EIDL processing contract was routed through RER Solutions, a small Herndon, Virginia firm that the House Select Subcommittee said assigned six employees to the job and retained more than $340 million. https://pandemicdarlings.com/articles/provider-relief-medicare-billers-got-paid-first/ https://pandemicdarlings.com/articles/provider-relief-medicare-billers-got-paid-first/ Mon, 29 Jun 2026 12:00:00 +0000 The Provider Relief Fund did not start with a fraud ring. It started with a formula. https://pandemicdarlings.com/articles/airline-payroll-support-bailout-with-strings/ https://pandemicdarlings.com/articles/airline-payroll-support-bailout-with-strings/ Mon, 22 Jun 2026 12:00:00 +0000 The airline payroll bailout was one of the cleaner political bargains of the pandemic. https://pandemicdarlings.com/articles/the-agents-got-nothing/ https://pandemicdarlings.com/articles/the-agents-got-nothing/ Mon, 15 Jun 2026 12:00:00 +0000 PPP made a lot of people rich on paperwork. The lenders got processing fees. The software platforms and referral channels cut their own deals. https://pandemicdarlings.com/articles/the-banks-served-their-own-customers-first-and-courts-shrugged/ https://pandemicdarlings.com/articles/the-banks-served-their-own-customers-first-and-courts-shrugged/ Mon, 08 Jun 2026 12:00:00 +0000 The first round of PPP ran out in less than two weeks. Borrowers who never got through the portal blamed the banks.