ABC4: Taxpayers on Hook for $1.3B in Forgiven Seattle Business PPP Loans

During the height of the COVID-19 pandemic many people lost their businesses, while others leaned on the government for hundreds of billions in cash to stay afloat as the economy was shut down.

Two and a half year later, we’ve learned that more than 600 businesses in Seattle received Paycheck Protection Program (PPP) forgiveness loans, costing taxpayers more than a billion dollars.

None of the businesses did anything wrong, it's just the process of the loan that's being looked at.

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