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-19 pandemic response.

SBA suspends thousands of pandemic-era loans approved by Minnesota over potential fraud

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

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 Loeffler said.

SBA Halts Minnesota Grants Amid Massive PPP Fraud Investigation

SBA pauses grants to MN due to $430M PPP fraud investigation. Admin Loeffler halts blank checks to fraudsters, vows to clean up criminal networks. YouTuber Nick Shirley exposes misuse of federal aid,

Trump admin pausing some federal funding to Minnesota amid fraud scandals

This Admin will not continue to hand out blank checks to fraudsters – and we will not rest until we clean up the criminal networks that have been stealing from American taxpayers.”
KAAL TV

SBA halts over $5.5 million in federal funding to Minnesota, Loeffler says

The U.S. Small Business Administration is halting some of its federal funding to the State of Minnesota, according to Administrator Kelly Loeffler.

What action has Trump administration taken in Minnesota since viral fraud video?

The Trump administration has ramped up scrutiny of Minnesota’s social services programs amid allegations of fraud.  Independent journalist Nick Shirley released a video detailing his investigation
KTTC

U.S. Small Business Admin halts more than $5.5M in annual federal funding to Minnesota

In a letter addressed to Minnesota Governor Walz, the U.S. Small Business Administration (SBA) declares it is halting the disbursement of federal funds to SBA partners operating in Minnesota.
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