SBA freezes over 100,000 California borrowers in sweeping $9B pandemic fraud crackdown
Upstract [Unofficial]
February 7, 2026
The Small Business Administration (SBA) announced Friday that it suspended more than 100,000 California borrowers amid suspected fraud, with the alleged abuse totaling nearly $9 billion. SBA Administrator Kelly Loeffler said the agency suspended 111,620 California borrowers tied to suspected…
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