Loans went here, there (50 went to LV!)

[NVMojo]

WASHINGTON -- Fifty Las Vegas businesses received federally backed loans intended to help them recover from the post-9/11 economic downturn, even though a new audit concludes that most probably should not have qualified for the money.

A veterinary hospital, a tanning salon, a Quizno's sandwich shop, a barbershop, a child care center, a car wash and a dentist were among the Las Vegas recipients of Small Business Administration-guaranteed Supplemental Terrorist Activity Star Relief (STAR) loans, according to SBA data.

In an audit released right before Christmas, the SBA inspector general blamed top agency officials for promoting a special disaster loan program as one where "virtually any small business qualified."

more...

http://www.reviewjournal.com/lvrj_home/2005/Dec-30-Fri-2005/news/5132430.html

[NVMojo]

1. after reading that list of businesses...

we have a problem not only with unworthy businesses getting those 9-11 loans but there's a problem with the banks who loaned the money with SBA. What a shame. Las Vegas is a huge city with more than half the state's population living there or nearby. Those businesses have more than enough customer base that 9-11 would not have impacted them at all. Not a one of them is a casino, airline or immediate 9-11 impacted business. Shame.