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Small Business Administration offering low interest loans to businesses impacted by UPS plane crash
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The Small Business Administration has suspended 6,900 borrowers in #Minnesota amid one of the largest COVID-era loan fraud investigations in U.S. history. Nearly $400 million in PPP and EIDL loans have been flagged as potentially fraudulent, including funds linked to a #Somali fraud scheme in Minneapolis. SBA Administrator Kelly Loeffler said those involved will be banned from all SBA programs and referred to federal law enforcement. Watch | The Times of India
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The Small Business Administration has suspended 6,900 borrowers in #Minnesota amid one of the largest COVID-era loan fraud investigations in U.S. history. Nearly $400 million in PPP and EIDL loans have been flagged as potentially fraudulent, including funds linked to a #Somali fraud scheme in Minneapolis. SBA Administrator Kelly Loeffler said those involved will be banned from all SBA programs and referred to federal law enforcement. Watch | The Times of India
FacebookThe Times of India
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Do you need a bit more funding to take your business to the next level? SBA's microloan program provides loans up to $50,000 to help small businesses expand! The average microloan is about $13,000. Learn how to apply through an intermediary lender: https://www.sba.gov/microloans | U.S. Small Business Administration
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