Categories: Articles

Ethan Smith Interviewed by CNN

Philadelphia, PA – CNN interviewed Ethan Smith on the Paycheck Protection Program implemented in response to the Covid-19 pandemic. Ethan gave his insight on fraud committed in the PPP program as exemplified by an alleged scammer who was granted at least six Covid-19 bailout loans from the federal government. “There was no way to put the controls in to ferret out [fraudsters] without punishing people who weren’t committing fraud…At a certain point, it was an emergency. It wasn’t the perfect solution, but it was the best solution we could come up with at the time,” says Ethan.

Click here to access the full CNN interview.

Starfield & Smith

Recent Posts

Best Practices: Working Capital True-Ups: What 7(a) Lenders Need to Know

Financing a change of ownership with an SBA loan requires lenders to pay close attention…

4 days ago

Best Practices: Minimum Equity Injection Requirements Under SOP 50 10 8.1 Technical Policy Updates

The SBA issued SOP 50 10 8.1 Technical Policy Updates, effective October 1, 2026.  For…

2 weeks ago

MALC 2027

When: April 12-14, 2027 Where: Loews Hotel, Arlington, TX Registration: Open For more information about…

2 weeks ago

Northeast Private Equity Conference

When: January 20-21, 2027 Where: Lotte New York Palace, New York, NY Registration: Open For…

2 weeks ago

Best Practices: Qualifying for an Owner Buyout

As lenders begin to underwrite new loans under SOP 50 10 8.1, effective October 1,…

3 weeks ago

Best Practices: What the SOP Technical Policy Updates Actually Change for 7(a) Lenders

SBA issued a technical update to SOP 50 10 8.1 on September 25, 2026. Although…

4 weeks ago