SBA halts grants to Minnesota
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Waste of the day: SBA may ignore erroneous grants
Topline: The Small Business Administration won’t try to recover most of the potentially improper grants it gave to restaurants during the Covid-19 pandemic, according to a Dec. 18 report from the agency’s inspector general.
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Lawmakers probe SBA loans linked to Minnesota’s $9B fraud scandal: 'Reckless decision making'
House committee demands answers on alleged Minnesota pandemic fraud totaling up to $9 billion, targeting SBA relief programs under Gov. Tim Walz's watch.
The SBA delivered over $44 billion in loans nationwide in FY2025, with $1.2 billion in the Seattle District. Rural lending rose 20%, and manufacturers gained new access to capital under the Made in America Initiative.
The head of the Small Business Administration visited Greenville's GE Vernova facility, touting Trump administration policies and deregulation plans.