Anonymous ID: f5f33c Feb. 7, 2026, 8:14 p.m. No.24230870   🗄️.is 🔗kun   >>0871 >>0907 >>1067 >>1185 >>1421 >>1518 >>1593

>>24230852

Feds Find $9 Billion in Suspected SBA Loan Fraud in California

 

The U.S. Small Business Administration (SBA) has suspended more than 111,000 California borrowers and will seek to recoup $8.6 billion in suspected fraudulent aid linked to the Covid pandemic.

 

SBA Administrator Kelly Loeffler revealed the action Friday following a visit to San Diego, where she detailed suspected fraudulent activity across SBA pandemic-era loan programs, including 118,489 Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans.

 

“Once again, the Trump SBA is taking decisive action to deliver accountability in a state whose unaccountable welfare policies have created a culture of fraud and abuse at the expense of law-abiding taxpayers and small business owners,” she said.

 

https://www.breitbart.com/crime/2026/02/07/feds-find-9-billion-suspected-sba-load-fraud-california/