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SBA loan forgiveness for PPP, EIDL and 7(a) loans

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

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

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

Small Business Administration suspends loans to thousands of Minnesota borrowers

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

Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud

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

What we know about claims of SBA fraud in Minnesota as agency suspends borrowers

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

SBA suspends nearly 7,000 Minnesota borrowers over suspected $400M pandemic loan fraud

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

Pandemic-era SBA programs spark debate five years later

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The SBA allocated more than $1 ...

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 ...

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 ...