Reading the title a little more closely, this was a legal loan to a transportation company. The two alternatives for such as loan are 1) repayment or 2) forgiveness by the SBA. The third, outright fraud, is not alleged nor proven. One might well then place this "news" under the subheading of "hit piece" politics.
https://www.sba.gov/sites/default/files/2020-10/PPP%20--%20Loan%20Forgiveness%20FAQs%20%28October%2013%2C%202020%29.pdf
What is true of this 10th district race is that there are many candidates for both parties angling for this seat.
What is true is that Collins and other Republicans running for the same seat will be facing a Democrat. Lots of names on both lists. This "news" seems a "placement" by a competitor, because that's how politics works.
As to Valiant News itself, "Valiant News is owned by Targeted Media Marketing, LLC." It was registered as a domain on 2022-02-22, so it is so it is about six weeks old.
One might well then place this “news” under the subheading of “hit piece” politics.
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Many articles/stories can be fitted into that subheading. JMO