Small Business
The Strand bookstore to pay $1.5 million over Covid loan eligibility issue
The Strand bookstore will pay nearly $1.5 million after federal prosecutors said it was not eligible for a Covid loan it received.
Nov 4, 2026, 4:56 PM
By the Genius Eye newsroom (Small Business Reporter) · Fact-checkedHow we report
Beyond My Ken / CC BY-SA 4.0, via Wikimedia Commons
The Strand, a well-known New York bookstore, is set to pay almost $1.5 million related to a Covid loan it received but was not eligible for, according to Inc.
Federal prosecutors allege that the business's owner falsely certified the bookstore's eligibility for the loan.
The violation has been described by the bookstore as an unintentional oversight.
The owner of the bookstore is noted to be the wife of Senator Ron Wyden, as reported by Inc.
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