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Minnesota, SBA and borrowers

SBA drops hammer on Minnesota: 6,900 borrowers suspended in $400M fraud probe

In a sweeping late-night move on Thursday, Small Business Administration (SBA) Administrator Kelly Loeffler announced the immediate suspension of nearly 7,000 borrowers in Minnesota, citing rampant suspected fraud involving pandemic-era lending programs.

· 12h · on MSN

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

· 3h · on MSN

Minnesota Suspends Thousands of Borrowers Over Suspected Fraud

MPR News · 1d

Minnesota Republican tries to quash conspiracy theories fueled by fraud probe

While the growing allegations of fraud in various Minnesota human services programs have turned into a major national story, they've also sparked some eyebrow-raising conspiracy theories.

· 1d

What to know about federal investigations into fraud allegations in Minnesota

· 14h

Trump promises Minnesota fraud investigations will continue

The Business Journals

SBA's Covid-19 programs are over. Here's the 7(a) and 504 loan programs explained.

The SBA's Covid-19 relief programs are over, but the agency still has options for businesses looking for funding. Here's a look at two of its most popular programs and what businesses need to know. The Small Business Administration’s Covid-19 relief ...

KTTC

U.S. Small Business Administration bans nearly 7,000 Minnesota borrowers from loan programs

On Thursday, Administrator of the U.S. Small Business Administration (SBA) Kelly Loeffler announced on X that the SBA has banned nearly 7,000 Minnesota borrowers from all SBA loan programs.

WFTV

SBA rolls out new anti-fraud measures for loan programs

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. The Small Business Administration has rolled out what it says are new anti-fraud measures for its loan programs.

10don 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.