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.

Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud

The agency’s leader said a review over the past week flagged $400 million in loans to Minnesotans with “suspected fraudulent ...