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

2.9K views · 46 reactions | 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 | Facebook

2.7K views · 15 reactions | Business assistance is just a few clicks ️ away!  Find local SBA District Offices, Resource Partners, Procurement Technical Assistance Centers, Community Navigators, and more with this easy-to-use tool: https://www.sba.gov/local-assistance | U.S. Small Business Administration | Facebook