Biden’s SBA Caught in a Web of Fraud
This is a bombshell revelation. Elon Musk, the DOGE Director, and SBA Chief Kelly Loeffler have exposed some jaw-dropping fraud in the Biden-era Small Business Administration.
According to reports, there are massive missteps. The investigation uncovered $330 million in loans to kids under 11 and even a $100,000 loan given to a nine‐month‐old baby. It’s hard to believe, but it’s the reality many conservatives warned about.
Loeffler, who was appointed by President Trump to clean house, didn’t mince words. “An estimated $200 billion in PPP and Covid EIDL fraud was ignored for four years,” she said. Those are serious numbers that show just how far the agency has strayed from its mission.
Musk was equally blunt. He recalled his meeting with Loeffler while sporting a “Trump Was Right About Everything” hat. Musk declared:
“The clinic case of fraud was with the Small Business Administration, where they were handing out loans—$330 million worth of loans to people under the age of 11. I think the youngest, Kelly, was a nine-month-old who got a $100,000 loan. That’s a very precocious baby.”
It’s clear that Biden’s radical policies—like the Green Lender Initiative and DEI programs—diverted the SBA from supporting small businesses into a tool for left-wing projects. This mismanagement has led to soaring defaults and massive waste of taxpayer money.
Trump himself weighed in on the scandal. He said:
“That’s amazing. And you have a lot of that. You found far too much of it. It’s pure fraud. We like to use the words waste and abuse because they sound good, but many of these things are pure fraud.”
Meanwhile, many in the liberal media have chosen to ignore or downplay these revelations. Instead of calling out the real corruption, they continue to push their false narratives elsewhere. Under Trump’s leadership, there’s real talk and real action to cut through the bureaucracy and end this abuse.
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