Focus on Americans: SBA ends support for foreign national borrowers
SBA Implements New Policy on Foreign Nationals and Business Loans The Small Business Administration (SBA) recently announced a policy that has caught many off guard—it seems surprising that such a measure was even deemed necessary. There are already discussions about potential further actions. On Monday, led by Administrator Kelly Loeffler, the SBA conveyed that it […]
Authorities Discover $9 Billion in Alleged SBA Loan Fraud in California Under Biden’s Leadership
Suspension of Borrowers in California Over Fraudulent Aid The U.S. Small Business Administration (SBA) has put a hold on over 111,000 borrowers in California as it aims to recover $8.6 billion linked to suspected fraudulent aid from the coronavirus pandemic. SBA Administrator Kelly Loeffler revealed this decision following her visit to San Diego, outlining the […]
SBA halts 111,000 borrowers in California due to suspected $8.6 billion fraud
The Small Business Administration (SBA) has put a hold on over 111,000 borrowers in California due to allegations of $8.6 billion in pandemic-related fraud, as announced by SBA Administrator Kelly Loeffler on Friday. She stated, “We have suspended approximately 112,000 borrowers for suspected fraud of at least $9 billion.” This revelation marks a significant initiative […]
SBA halts over 100,000 borrowers in California due to suspected $9 billion fraud
SBA Suspends Over 100,000 California Borrowers for Alleged Fraud On Friday, the Small Business Administration (SBA) revealed that it has suspended more than 100,000 borrowers in California due to suspected fraud, with the total fraudulent amount nearing $9 billion. SBA Administrator Kelly Loeffler announced that 111,620 borrowers were suspended for potential fraud related to pandemic […]
Christopher Rufo reveals shocking details about $26B ‘No White Men’ program — Trump SBA responds swiftly
Change in Small Business Administration’s 8(a) Program Raises Concerns Last week, Blaze TV host Christopher Rufo, alongside Judge Glock from the Manhattan Institute, addressed the controversial 8(a) program of the Small Business Administration (SBA). They highlighted a worrying trend: government contracts being allocated based on race and gender, raising questions about fairness, particularly for white […]
Senators request details on Minnesota fraud’s effect on SBA: ‘A field day at the expense of taxpayers’
WASHINGTON — A group of senators is requesting that the Small Business Administration (SBA) provide a comprehensive report on its investigation into the significant welfare fraud issue in Minnesota. Recently, SBA Administrator Kelly Loeffler initiated an inquiry into a network of Somali organizations tied to this fraud case, which reportedly involved stopping payments to around […]
SBA Halts 6,900 Borrowers Over $400 Million in Alleged Fraud
Suspension of Borrowers Over Alleged Fraud in Minnesota Allegations regarding the fraudulent exploitation of federal programs continue to surface in Minnesota. On Thursday, the Small Business Administration (SBA) announced that 6,900 borrowers have been suspended following the discovery of widespread fraud in pandemic-related loans. SBA Administrator Kelly Loeffler indicated that an investigation into thousands of […]
SBA halts payments for 6,900 borrowers in Minnesota due to fraud suspicions
SBA Suspends Thousands of Minnesota Borrowers Due to Fraud The Small Business Administration (SBA) announced on Thursday that it has suspended approximately 6,900 borrowers in Minnesota after uncovering extensive fraudulent activities. SBA Administrator Kelly Loeffler stated that the agency has reviewed thousands of loans under the Paycheck Protection Program (PPP) and the Economic Injury Disaster […]
Kelly Loeffler: SBA discovers increasing loan fraud in Minnesota welfare programs
Minnesota’s Pandemic Fraud Revealed to Be Far Greater Than Initially Thought The shocking figure of $1 billion and over 90 indictments regarding fraud in Minnesota’s pandemic programs initially seemed staggering. However, this estimate now appears significantly understated, indicating a deeper corruption within the state’s welfare systems. The national outrage surrounding this scandal stemmed from a […]
SBA Stops Grant Funding to Minnesota Due to Allegations of Somali Fraud
Small Business Administration Suspends Grants to Minnesota The Small Business Administration (SBA) Secretary Kelly Loeffler announced the decision to halt grants to Minnesota due to ongoing allegations of scams tied to the Somali community in the state. Conservative activist Benny Johnson shared that after YouTuber Nick Shirley and his team uncovered significant fraud in Minnesota, […]