We are very sorry to report that in 2006 and 2007, several companies and organizations that were not small businesses received funds that had been earmarked for small businesses. This mistakenly given money amounted to some $5.7 million in contracts, according to the Department of the Interior.

Among those companies who received money that was intended for small businesses were: Starwood Hotels, Home Depot, Dell, Xerox, Waste Management Inc. and Sherwin Williams.

Some of the blame for awarding small business funds to big business was placed on absent-minded contract workers who were not mindful about data entry. As you can imagine, this is little comfort to hopeful small businesses. The report from the Department of the Interior did not indicate whether or not this money would have to be returned.

While this is not cheerful news, the good news is that this mistake in now way hampers your ability to get a small business loan. Visit sba.gov to learn how you can apply for a small business loan. And review all of your documents carefully.

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