SBA Loan Program Contractor and Rocket Loans Face Scrutiny

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A troubled SBA pandemic loan program was outsourced to a small consultancy that brought in Rocket Loans and earned almost $800 million

WASHINGTON—A federal small-business pandemic emergency loan program that has been criticized for delays and fraud has focused attention on the role of a small consulting firm that earned nearly $800 million in fees and subcontracted the work to a unit of the nation’s largest mortgage lender.

Federal government contracting records show the Small Business Administration has awarded at least $770 million to RER Solutions Inc. of Herndon, Va., to process loans and grants for small businesses affected by the coronavirus pandemic...

 

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Believe me boys and girls. This is finding its way back to desperate Donnie and crew. With only 4 months left the printers buzzing. Don’t worry though. Jerome will print more.

Marauding looters

Cons all cons

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