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

Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected ...

Minnesota Suspends Thousands of Borrowers Over Suspected Fraud

The Small Business Administration (SBA) said on Thursday it had reviewed thousands of loans in the state, resulting in 6,900 ...

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

SBA suspends 6,900 Minnesota borrowers over suspected $400 million fraud scheme involving PPP and disaster loans during COVID ...

Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud

The agency’s leader said a review over the past week flagged $400 million in loans to Minnesotans with “suspected fraudulent ...

What we know about claims of SBA fraud in Minnesota as agency suspends borrowers

The Minnesota Star Tribune has previously reported on pandemic-era fraudsters stealing from the Small Business Administration ...
The New York Sun

Small Business Administration Suspends Thousands of ‘Minnesota Borrowers’ Amid Concerns of Fraud in Pandemic-Era Programs

The Small Business Administration says it will refer cases to law enforcement ‘where appropriate.’ ...

SBA halts grants to Minnesota in wake of fraud scandal

Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota, amid an investigation into alleged fraud in COVID-era lending ...
Business.com on MSN

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 ...

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

Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.
Just The News on MSN

Small Business Administration says 6,900 Minnesota borrowers suspended over suspected fraud

"In total, these borrowers were approved for 7,900 PPP and EIDL loans worth approximately $400M," SBA Administrator Kelly ...

Lawmakers probe SBA loans linked to Minnesota’s $9B fraud scandal: 'Reckless decision making'

House committee demands answers on alleged Minnesota pandemic fraud totaling up to $9 billion, targeting SBA relief programs ...

SBA head Kelly Loeffler says agency pausing grants to Minnesota over fraud investigation

"SBA is pausing annual funding to Minnesota while we investigate $430 million in suspected PPP fraud across the state," Kelly ...