The Era of Abuse Is Over

🚨SBA suspends 111,620 California borrowers connected to $8.6 BILLION in suspected pandemic fraud:

California, just like Minnesota, invites criminals to abuse the system with socialist welfare policies. Fraud scaled up massively during the pandemic - and the Biden Admin failed… pic.twitter.com/fMlgPDYsNy

— Kelly Loeffler (@SBA_Kelly) February 6, 2026

… to stop it.

In San Diego, I visited a single address tied to 14 different “small businesses” that were formed during the pandemic, who received $2M+ in COVID-era loans that still haven’t been fully repaid.

The era of abuse is over. Today, the SBA is announcing the suspension of 111,620 California borrowers connected to $8.6 billion in suspected PPP and EIDL fraud. We will pursue criminal referrals with the DOJ, and fight to claw every dollar back.

Under this Administration, any fraudster who broke the law will no longer get a free pass. All they’ll get is a free trip to jail.

Exclusive | Shocking $8.6 billion new fraud uncovered in California https://t.co/UHp8b08Zsk pic.twitter.com/VjThm6bmn0

— New York Post (@nypost) February 6, 2026