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Minnesota, SBA and Fraud

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

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud.

· 12h · on MSN

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

· 2d · on MSN

Minnesota Suspends Thousands of Borrowers Over Suspected Fraud

· 2d

Trump unleashes Minnesota fraud crackdown as feds freeze nearly 7,000 borrowers over $400m scam

The Trump administration has suspended 6,900 borrowers over suspected Covid loan fraud involving roughly $400 million of taxpayer funds in Minnesota.

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

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Minnesota $400 Million Fraud Explodes: Trump Suspends Nearly 7,000 Borrowers Amid Scandal

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.

Lost money because of Hurricane Milton? These SBA loans still available

Small business owners and private nonprofit organizations who lost money due to Hurricane Milton last year can still apply for low interest federal disaster loans, but time is running out.

The Business Journals

Lawmakers take aim at Covid small-business loan collections

Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid Economic Injury Disaster Loan program to the Treasury ...

12don MSN

Lawmakers probe SBA loans linked to Minnesota’s $9B fraud scandal: 'Reckless decision making'

House committee demands answers on alleged Minnesota pandemic fraud totaling up to $9 billion, targeting SBA relief programs under Gov. Tim Walz's watch.

WJHL-TV

SBA encourages home, business owners to apply for Helene loans

WASHINGTON COUNTY, Tenn. (WJHL) — The U.S. Small Business Administration (SBA) has extended its deadline for those impacted by Hurricane Helene to apply for disaster loans. Tatorie Marion with SBA public affairs told News Channel 11 on Tuesday that the ...