The Small Business Administration has suspended 6,900 borrowers in #Minnesota amid one of the largest COVID-era loan fraud investigations in U.S. history. Nearly $400 million in PPP and EIDL loans have been flagged as potentially fraudulent, including funds linked to a #Somali fraud scheme in Minneapolis. SBA Administrator Kelly Loeffler said those involved will be banned from all SBA programs and referred to federal law enforcement. Watch | The Times of India

6.5K views · 16 reactions | The Small Business Administration is offering loans to help cover things that insurance and FEMA might miss. | Mountain Top News | Facebook

7(a) is SBA’s largest financing program and helps small business owners purchase real estate, equipment, inventory, and more! 7(a) loans can also be used for working capital or to acquire an existing business. Learn about 7(a) and other #smallbiz funding programs: https://www.sba.gov/funding-programs | U.S. Small Business Administration

Small Business Administration Administrator Kelly Loeffler has cut off grants to Minnesota amid an ongoing investigation into alleged fraud in the state. The move follows renewed scrutiny after independent journalist Nick Shirley released video documenting suspected childcare and healthcare fraud, as officials continue to examine the scope of the allegations. Subscribe to OAN Live Here: https://live.oann.com/home.ktv?utm_source=socials&utm_medium=social media&utm_campaign=FB | One America News N