Key Highlights
- Those borrowers received 118,489 Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) loans totaling more than $8.6 billion."Once again, the Trump SBA is taking decisive action to deliver accountability in a state whose unaccountable welfare policies have created a culture of fraud and abuse at the expense of law-abiding taxpayers and small business owners," Loeffler said in a statement.
- HOUSE REPUBLICANS CALL MINNESOTA FRAUD PROBE 'TIP OF THE ICEBERG' AS MORE BLUE STATES FACE SCRUTINY The Small Business Administration suspended more than 100,000 California borrowers amid nearly $9 billion in suspected pandemic-era loan fraud, SBA Administrator Kelly Loeffler announced Friday.
- (Bill Clark/CQ-Roll Call, Inc via ) "Today, we announced we have suspended nearly 112,000 borrowers tied to at least $9 billion in suspected fraud," she said.
- "This staggering number represents the most significant crack-down on those who defrauded pandemic programs, and it illuminates the scale of corruption that the Biden Administration tolerated for years." Loeffler referenced the Trump administration’s fraud crackdown in another blue state, saying, "As we did in Minnesota, we are actively working with federal law enforcement to identify the criminals who defrauded American taxpayers, hold them to account, and recoup the stolen funds."She added that, "As we continue our state-by-state work, our message is clear: pandemic-era fraudsters will not get a pass under this Administration." GOP SENATORS LAUNCH TASK FORCE TO CRACK DOWN ON FRAUD TIED TO MINNESOTA SCANDAL Kelly Loeffler, administrator of the US Small Business Administration (SBA), during a news conference at the US Capitol in Washington, DC, US, on Monday, Oct.
- 27, 2025.
