Now there's a new twist via a report from the Small Business Association's Office of the Inspector General (SBA OIG). According to the watchdog, close ties between large processors of broiler chickens and much smaller chicken farmers meant that small business loans to the farmers effectively benefited the processors. (Given that I received word of this from the office of Nydia M. Velázquez, ranking Democrat on the House Small Business Committee, I suspect this is not a bipartisan issue.) According to the SBA sizing tools companies in this particular industry sector need to make less than $750,000 a year. As a result, from FY 2012 to FY 2016, SBA guaranteed approximately $1.8 billion in loans that may be ineligible.

Source: Forbes March 08, 2018 12:00 UTC