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

Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected ...
The Business Journals

Pandemic-era SBA programs spark debate five years later

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The SBA allocated more than $1 ...
The Business Journals

SBA's nonbank lenders could see stricter oversight. Here's what it means for businesses.

An influential senator is promising stricter oversight of nonbank lenders for the Small Business Administration in the wake of a report about fraud in Covid relief programs. Here's what it means for ...

SBA suspends thousands of pandemic-era loan borrowers 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.
The Harvard Crimson

Harvard Club of Boston to Pay $2.4 Million to Settle Loan Fraud Lawsuit

The Harvard Club of Boston will pay $2.4 million to settle a U.S. Department of Justice investigation into allegations that ...
Star Tribune

Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud

The U.S. Small Business Administration (SBA) is suspending almost 7,000 Minnesota borrowers over “suspected fraudulent activity” and blocking them from all other loan programs. The announcement was ...