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SBA freezes loans for 7,000 Minnesota borrowers

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KSTP · 7h
SBA freezes loans for 7,000 Minnesota borrowers amid fraud probe
The Small Business Administration (SBA) is freezing loan payments to nearly 7,000 Minnesota borrowers over suspected fraud. The SBA administrator said nearly 7,000 borrowers are suspended after being approved for “Paycheck Protection and Economic Injury Disaster Loans” worth roughly $400 million.

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 · 1d · on MSN
SBA suspends nearly 7,000 Minnesota borrowers over suspected $400M pandemic loan fraud
 · 8h · on MSN
SBA bans thousands of Minnesota borrowers over suspected pandemic-era fraud
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