SBA Administrator Kelly Loeffler appears on Fox Business as the Trump administration announces the suspension of 6,900 Minnesota borrowers The Trump administration’s Small Business Administration announced Thursday that it has suspended 6,900 Minnesota borrowers after uncovering a widespread suspected fraud tied to COVID-19 relief programs. According to the agency, an internal review of Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) approvals in Minnesota revealed nearly $400 million in potentially fraudulent loans—money that was supposed to keep small businesses afloat and American workers employed during the pandemic. SBA Administrator Kelly Loeffler said the agency reviewed thousands of pandemic-era loans approved in Minnesota and identified 7,900 PPP and EIDL loans connected to the suspended borrowers. In a blunt statement posted to X, Loeffler laid…
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