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

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

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

MINNEAPOLIS (FOX 9) - The U.S. Small Business Administration is suspending 6,900 Minnesota borrowers for suspected fraud ...

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

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

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

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 ...

Loeffler says the SBA suspended 6,900 borrowers in Minnesota, adding they were approved for 7,900 PPP and EIDL loans worth ...

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

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

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