Mon - Fri 8:00 - 6:30

Because everything affects our health, life, and legacy.

Business

Article Image Business

Loeffler targets $50B SBA program that has ‘never been looked at,’ bans 112K-plus COVID loan fraudsters

On HALO

2 hours ago

Small Business Administrator (SBA) Kelly Loeffler unveiled a sweeping fraud crackdown on Wednesday, announcing an audit of a decades-old $50 billion program she said has "never been looked at" and barring 112,000 borrowers from future aid over COVID-era loan fraud."There are dozens of programs across this government that need to be reviewed," Loeffler told "Mornings with Maria.""I found a program that we had in our agency about 50 years old, [that has] never been looked at, $50 billion, so what we're doing is auditing each participant in the program, and we're looking back at COVID-era loans."...

HALO NEWSLETTER

Join HALO today and unlock this story instantly — It's Free

2 hours ago
On HALO

Opinion and Comments