SBA suspends nearly 7,000 Minnesota borrowers over COVID relief fraud
TL;DR Summary
The SBA suspended nearly 7,000 Minnesota borrowers for suspected fraud related to COVID-era small business loans, including the Paycheck Protection Program and Economic Injury Disaster Loans, which provided vital support during the pandemic but also faced issues with misuse and fraud due to rapid deployment and limited oversight.
- SBA suspends nearly 7,000 Minnesota borrowers over suspected COVID relief loan fraud mprnews.org
- Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud Star Tribune
- US Small Business Administration suspends 6,900 MN borrowers for suspected fraud FOX 9 Minneapolis-St. Paul
- Minnesota fraud investigation expands to COVID-era loans NewsNation
- SBA freezes loans for 7,000 Minnesota borrowers amid fraud probe 5 EYEWITNESS NEWS
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