After uncovering $400 million in suspected COVID-era pandemic loan fraud in Minnesota alone, the SBA is now investigating other states for abuse of the PPP and EIDL programs, SBA administrator Kelly Loeffler tells me in our recent interview. “We worked through the holidays—from Thanksgiving up to New Year's—on about 20,000 different files, found about 8000 instances of fraudulent loans,” Loeffler says. The SBA has suspended nearly 7,000 borrowers. In this episode, I’m sitting down with SBA head
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After uncovering $400 million in suspected COVID-era pandemic loan fraud in Minnesota alone, the SBA is now investigating other states for abuse of the PPP and EIDL
American Thought Leaders. American Thought Leaders · Original audio. After uncovering $400 million in suspected COVID-era pandemic loan fraud in Minnesota alone, the SBA is now investigating other states for abuse of the PPP and EIDL programs, SBA administrator Kelly Loeffler tells me in our recent interview. “We worked through the holidays ...
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