Trump Admin Suspends 111,620 ‘California Borrowers’ For Allegedly Committing Billions in Pandemic-Era Fraud
Small Business Administration (SBA) Administrator Kelly Loeffler announced Friday her agency has suspended 111,620 borrowers in California over alleged fraud related to pandemic-era loan programs. These borrowers had secured a total of 118,489 Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans which amounted to more than $8.6 billion, according to an SBA news release. Loeffler said in …