Small Enterprise Administration (SBA) Administrator Kelly Loeffler mentioned Thursday evening that her company has suspended “6,900 Minnesota debtors” over suspected fraudulent exercise relating to COVID-era lending applications. Loeffler mentioned the SBA during the last week reviewed “hundreds” of doubtless “fraudulent” Paycheck Safety Program (PPP) and Financial Damage Catastrophe Mortgage (EIDL) payouts that had been accepted in Minnesota. …
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SBA says it has suspended '6,900 Minnesota debtors' over suspected fraud
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