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SBA’s Loeffler Notes That Minnesota Fraud May Reflect a Wider Problem

The warning was blunt—and it was broadcasted across national television networks, capturing the attention of policymakers, media, and the general public alike.

SBA Administrator Kelly Loeffler did not mince words when discussing the recent revelations out of Minnesota. Describing the billion-dollar fraud scandal as “just the tip of the iceberg.”

Loeffler signaled that the issues uncovered may represent only a fraction of a broader, systemic problem that…

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