Small Business Administration Administrator Kelly Loeffler has said that the SBA has suspended 6,900 Minnesota borrowers after the agency said it has discovered widespread suspected fraud in Minnesota stemming from the Covid-era Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) amounting to at least $400 million. "Over the last week, SBA has reviewed thousands of potentially fraudulent pandemic-era PPP and EIDL loans approved in Minnesota. Today, our agency took action to suspend 6,900 Minnesota borrowers amid suspected fraudulent activity. In total, these borrowers were approved for 7,900 PPP and EIDL loans worth approximately $400M. These individuals will...