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Minnesota, SBA and EIDL loans

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

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud.

· 2d · on MSN

Small Business Administration suspends loans to thousands of Minnesota borrowers

· 2d · on MSN

SBA says it has suspended ‘6,900 Minnesota borrowers’ over suspected fraud

· 2d

Trump unleashes Minnesota fraud crackdown as feds freeze nearly 7,000 borrowers over $400m scam

The Trump administration has suspended 6,900 borrowers over suspected Covid loan fraud involving roughly $400 million of taxpayer funds in Minnesota.

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Democrats accuse Trump of politicizing Minnesota fraud as more is uncovered program

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Minnesota $400 Million Fraud Explodes: Trump Suspends Nearly 7,000 Borrowers Amid Scandal

Business.com on MSN

SBA loan forgiveness for PPP, EIDL and 7(a) loans

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.

Lost money because of Hurricane Milton? These SBA loans still available

Small business owners and private nonprofit organizations who lost money due to Hurricane Milton last year can still apply for low interest federal disaster loans, but time is running out.