SBA Freezes $5.5M in Minnesota Funds Amid Fraud
Update: 2025-12-29
Description
U.S. Small Business Administration freezes $5.5 million in federal funding to Minnesota due to widespread fraud and lack of oversight under Governor Tim Walz. SBA chief Kelly Loeffler halts all disbursements to protect taxpayer dollars. Investigations link this to Minnesotas massive Feeding Our Future pandemic fraud, with nearly $500 million in suspected SBA loan fraud. The freeze aims to stop the bleeding and ensure accountability for those involved.
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