SBA chief Kelly Loeffler bans 112,000 borrowers accused of COVID loan fraud and launches audit of $50 billion program allegedly never reviewed in 50 years.

The Small Business Administration will collaborate with Vice President JD Vance‘s task force for a 50-state crackdown targeting federal benefit fraud, Secretary Kelly Loeffler announced Wednesday. “We ...

WASHINGTON — The Trump administration is readying a 50-state assault on federal benefit fraud, Small Business Administration boss Kelly Loeffler revealed on the latest episode of “Pod Force One,” out ...

Former Missouri House Speaker John Diehl Jr. sentenced to 21 months prison for misusing COVID-19 SBA relief loans.

The Trump administration’s decision to ban thousands of Minnesotans from U.S. Small Business Administration loans further stokes the fraud allegations that have roiled the state. The borrower ...

Kelly Loeffler, says the agency is preparing a nationwide push to tackle fraud in federal programmes, promising investigations across all 50 states.Speaking on the podcast “Pod Force One,” Loeffler ...

WASHINGTON, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Today, following a visit to San Diego, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler announced that the agency has suspended ...

Today, the U.S. Small Business Administration (SBA) initiated termination proceedings to remove 628 firms from the 8(a) Business Development Program after they refused to comply with SBA’s order to ...

The Small Business Administration (SBA) announced Friday it had suspended more than 100,000 California borrowers amid suspected fraud, with the alleged abuse totaling nearly $9 billion. SBA ...

WASHINGTON — A group of senators is pushing the Small Business Administration to give a detailed breakdown of its probe of the sweeping Minnesota welfare fraud scandal. Last month, SBA Administrator ...

The U.S. SBA new policy that bars foreign nationals from taking small business loans seems to be moving forward quickly ...