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SBA chief Kelly Loeffler reveals her agency uncovered thousands of COVID-era loans that had been flagged for potential fraud but were not fully investigated under the previous administration, she says. Instead the cases were closed, and many of those loans were actually forgiven. "Now more sweeping this under the rug. We're going to hold people accountable," she says. She says her agency found 8,000 suspected fraudulent loans in Minnesota, totaling some $400 million, prompting the SBA to suspend
3:07
SBA chief Kelly Loeffler reveals her agency uncovered thousands of COVID-era loans that had been flagged for potential fraud but were not fully investigated under the previous administration, she says. Instead the cases were closed, and many of those loans were actually forgiven. "Now more sweeping this under the rug. We're going to hold people accountable," she says. She says her agency found 8,000 suspected fraudulent loans in Minnesota, totaling some $400 million, prompting the SBA to suspend
9.3K views4 months ago
FacebookAmerican Thought Leaders
$400 MILLION IN SBA LOANS SUSPENDED — THIS IS JUST THE BEGINNING #anttsinc The SBA just suspended 6,900 Minnesota borrowers tied to suspected fraud. Nearly 7,900 EIDL loans worth over $400 million — almost half a billion — are now under review. Officials say this is only the start. Minnesota is first, but audits are going nationwide. After years, Americans may finally see those who stole from taxpayers held accountable.
1:07
$400 MILLION IN SBA LOANS SUSPENDED — THIS IS JUST THE BEGINNING #anttsinc The SBA just suspended 6,900 Minnesota borrowers tied to suspected fraud. Nearly 7,900 EIDL loans worth over $400 million — almost half a billion — are now under review. Officials say this is only the start. Minnesota is first, but audits are going nationwide. After years, Americans may finally see those who stole from taxpayers held accountable.
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