SBA suspends nearly 7,000 Minnesota borrowers over suspected $400M pandemic loan fraud

SBA suspends 6,900 Minnesota borrowers over suspected $400 million fraud scheme involving PPP and disaster loans during COVID ...

SBA suspends thousands of pandemic-era loan borrowers approved by Minnesota over potential fraud

Kelly Loeffler says 6,900 borrowers were suspended for 7,900 PPP and EIDL loans worth approximately $400 million.
ExecutiveGov

William Kirk Takes Office as SBA Inspector General

William Kirk will lead efforts to strengthen transparency and promote accountability at the Small Business Administration.
Just The News on MSN

SBA vows to continue investigating fraud in Minnesota, despite Walz dropping reelection bid

The SBA is investigating alleged fraud in the state's Payment Protection Program and Economic Injury Disaster Loans program, ...

Taylor introduces bill aimed at small business services in Appalachia

U.S. Rep. Dave Taylor, R-Ohio and Brad Finstad, R-Minnesota, recently introduced the bicameral Main Street Lending ...
KAAL TV

SBDC: No impacts felt yet on SBA funding freeze, future remains uncertain

The Minnesota Small Business Development Center discussed the potential impacts of the SBA federal funding freeze.

Small Business Administration suspends loans to thousands of Minnesota borrowers

Loeffler says the SBA suspended 6,900 borrowers in Minnesota, adding they were approved for 7,900 PPP and EIDL loans worth ...
Rochester Business Journal

Paychex: U.S. small business jobs flat in 2025, wage growth stays below 3%

U.S. small business job growth remained steady in 2025, according to Paychex, while hourly wage growth stayed below 3% for a 17th straight month.