Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud

The agency’s leader said a review over the past week flagged $400 million in loans to Minnesotans with “suspected fraudulent activity.”

Jan 3, 2026 - 08:00
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Small Business Administration bans thousands of Minnesota borrowers over suspected pandemic-era fraud
The agency’s leader said a review over the past week flagged $400 million in loans to Minnesotans with “suspected fraudulent activity.”

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