Small Business Administration chief Kelly Loeffler speaks during a press conference in Washington on Oct. 27, 2025. Madalina Kilroy/The Epoch Times
The Small Business Administration (SBA) has suspended 6,900 Minnesota borrowers amid suspected fraudulent activity in the state’s pandemic-era loan programs, SBA Administrator Kelly Loeffler said on Jan. 1.
In a post on X, Loeffler said the SBA took the action after reviewing thousands of Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) approvals in Minnesota during the COVID-19 pandemic.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
Read Full Article: https://www.theepochtimes.com/us/sba-suspends-6900-minnesota-borrowers-over-potential-covid-19-loan-fraud-5965232/?utm_source=partner&utm_campaign=whatfinger
