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Minnesota, SBA and pandemic Loeffler

SBA suspends nearly 7,000 Minnesota borrowers over suspected $400M pandemic loan fraud

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud.

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SBA suspends thousands of pandemic-era loan borrowers approved by Minnesota over potential fraud

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SBA says it has suspended ‘6,900 Minnesota borrowers’ over suspected fraud

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Trump unleashes Minnesota fraud crackdown as feds freeze nearly 7,000 borrowers over $400m scam

The Trump administration has suspended 6,900 borrowers over suspected Covid loan fraud involving roughly $400 million of taxpayer funds in Minnesota.

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Democrats accuse Trump of politicizing Minnesota fraud as more is uncovered program

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Minnesota $400 Million Fraud Explodes: Trump Suspends Nearly 7,000 Borrowers Amid Scandal

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SBA loan forgiveness for PPP, EIDL and 7(a) loans

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.

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Best low-interest business loans of January 2026

Low‑interest lending options are often suited for established businesses and include SBA, bank, credit union and online lenders offering competitive rates