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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.

· 2d · on MSN

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

KSTP · 2d

SBA freezes loans for 7,000 Minnesota borrowers amid fraud probe

· 2d

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

6don MSN

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 Loeffler said.

12don MSN

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 under Gov. Tim Walz's watch.

6don MSN

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

NerdWallet

SBA MARC Loans: Pros, Cons, How to Qualify

Need working capital? SBA MARC loans offer big funding amounts, long terms and flexible repayment for small manufacturing businesses. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...