Feds subsidize loans to posh eateries, golf courses, yacht clubs

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Adam Andrzejewski (founder and CEO of OpenTheBooks.com), said his auditors found that millions of dollars in taxpayer subsidized loans meant for startups went to businesses that cater to the upper class, such as private beach clubs, spas, ‘members only’ golf courses, and yacht clubs. This includes subsidized loans to seven Washington restaurants ranging from $1 million to $4 million, while none of the more than 250 food trucks in the nation’s capital received any subsidized loans from the SBA.

Right-Mind