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McClatchy Washington Bureau
McClatchy Washington Bureau
Business
Ben Wieder

Unforgiven: Two years later, small businesses still waiting promised PPP loan forgiveness

After COVID-19 shutdowns put Miami hairdresser Vicki LeMaster out of work, a friend recommended that she apply for a Paycheck Protection Program loan through the online lender Kabbage.

“I didn’t want a lot of money, just enough to get me through,” she said.

The process seemed simple enough and LeMaster was soon approved for a modest amount in May 2020, which under the terms of the program wouldn’t have to be paid back if used for approved purposes, like payroll.

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