SBA says it has suspended '6,900 Minnesota borrowers' over suspected fraud

Small Business Administration (SBA) Administrator Kelly Loeffler said Thursday night that her agency has suspended “6,900 Minnesota borrowers” over suspected fraudulent activity in connection with COVID-era loan programs. Loeffler said the SBA reviewed thousands of potentially “fraudulent” Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) payments approved in Minnesota last week. , Source…

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ASX 200, Hang Seng Index

People celebrate the New Year at the Bank of China building in Central in Hong Kong, China, January 1, 2026. Lam Yik | Reuters South Korea’s Kospi hit a new record Friday as Asia-Pacific markets kicked off the new year trading mixed. The Kospi was up 0.65%, and hit a record high. Heavyweight Samsung Electronics…

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