$171 million in SBA disaster loans not paid back - Jul. 24, 2012

$171 million in SBA disaster loans not paid back - Jul. 24, 2012

 Just as the government expands its disaster loan program for businesses hurt by the drought, a new report shows the agency that distributes the loans is letting millions of dollars go unpaid.
As of late last year, taxpayers were owed $171 million for delinquent disaster loans, according to an audit by the inspector general of the Small Business Administration.
The low-interest loans are meant to offer temporary help to businesses, nonprofits and homeowners.