Kelly Loeffler, who leads the Small Business Administration under President Donald Trump, vowed Tuesday on Newsmax to crack down on hundreds of millions in fraudulent loans overlooked by the Biden administration, spotlighting shocking cases like a 9-month-old infant awarded $100,000.
The SBA administrator appeared on “Rob Schmitt Tonight” to address staggering fraud uncovered in SBA loans by the Department of Government Efficiency, including the recently revealed $330 million in loans that went to people listed as 115 years old in Social Security databases.
“Well, unfortunately, we have to believe it,” Loeffler said of the reports. She credited Elon Musk and DOGE, stating: “Thank God for Elon Musk and his DOGE effort. I mean, this is a patriot who is working hard for the American taxpayer.”
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