SBA freezes over 100,000 California borrowers in sweeping $9B pandemic fraud crackdown
SBA freezes over 100,000 California borrowers in sweeping $9B pandemic fraud crackdown | 6 Feb 2026 | The Small Business Administration (SBA) announced Friday it had 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…