SBA Paycheck Protection Program

Minnesota, SBA

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

Small Business Administration (SBA) Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected fraudulent activity regarding pandemic-era lendi...

· 1d · on MSN

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

Opinion

The Western Journal on MSN · 1d

Small Business Administration comes down on 6,900 Minnesota borrowers suspected of fraud

· 1d

Trump administration freezes child care funding amid Minnesota fraud probe

The Trump administration has suspended child care funding nationwide as federal investigators probe alleged widespread fraud at Minnesota day care centers, prompting calls for Gov. Tim Walz to testify...

MPR News · 1d

SBA suspends nearly 7,000 Minnesota borrowers over suspected COVID relief loan fraud

· 1d

Democrats accuse Trump of politicizing Minnesota fraud as more is uncovered program

Business.com on MSN

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 loans must be repaid in full.

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,

Forbes

FinTech Founder Pleads Guilty In Paycheck Protection Program Fraud Scheme

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A founder of the lender service provider Blueacorn has ...

The Business Journals

SBA to overhaul loan programs and collections under new administrator

Feb 26, 2025, 8:07am EST Updated: Feb 26, 2025, 8:27am EST Haiyun Jiang/The New York Times Small Business Administration Administrator Kelly Loeffler this week issued a memo detailing planned changes to the agency. The Small Business Administration will be ...