SBA halts grants to Minnesota in wake of fraud scandal
Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota, amid an investigation into alleged fraud in COVID-era lending programs. Loeffler said on the social platform X that the SBA is pausing yearly funding to Minnesota “while we investigate $430 million in suspected [Paycheck Protection Program] fraud…
Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota, amid an investigation into alleged fraud in COVID-era lending programs. Loeffler said on the social platform X that the SBA is pausing yearly funding to Minnesota “while we investigate $430 million in suspected [Paycheck Protection Program] fraud…