Home / Crime / Minnesota fraud scandal prompts SBA to freeze almost 7,000 loans

Minnesota fraud scandal prompts SBA to freeze almost 7,000 loans

The Trump administration has suspended nearly 7,000 borrowers in Minnesota from small business loans, citing suspected fraud.

The Trump administration is blocking almost 7,000 small business loans in Minnesota, the latest federal action in a fraud scandal that has enveloped the state.
Kelly Loeffler, administrator of the Small Business Administration, said borrowers suspect… [3003 chars]

Source: USA TODAY | Published: 2026-01-02T17:40:38Z

Credit: USA TODAY

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