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Florida Businesses Got September 11 SBA Loans

By: AP
By: AP

MiAMI - A nationwide investigation by The Associated Press has found that 19,000 businesses got some of the 5 billion dollars set aside for recovery following the September 11 terrorist attacks

Many of the recipients were far removed from the impact of the attacks. Most loan recipients, including those contacted in Florida, say they had no idea those programs were the source of funds. Leslie Bair says she didn't know the government loan she got to buy a Florida recreational vehicle campground came from funds set aside for September 11 recovery. Bair was disgusted to learn the source of her 396,000 dollar loan. She says she would hate to think that her loan took money away from someone who needed it.

More than 15,000 Florida businesses got more than 140 million dollars in low-interest loans under two post-September 11th programs administered by the government.


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