Kelly Loeffler and Elon Musk Expose MASSIVE $330M Small Business Administration Fraud Under Biden
🚨 BREAKING: SBA Chief Kelly Loeffler and Elon Musk uncover $330 million in fraudulent loans—including a $100,000 loan to a BABY! 🚨
The Biden-era fraud and waste at the Small Business Administration (SBA) is even worse than anyone imagined. Under the leadership of former Senator Kelly Loeffler, now Administrator of the SBA, the Trump administration is exposing staggering levels of corruption and mismanagement that took place under Joe Biden’s watch.
🔴 Key Findings: ✅ $200 billion in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) fraud ignored for years. ✅ $330 million in SBA loans went to children under the age of 11. ✅ A nine-month-old infant was awarded a $100,000 business loan. ✅ Biden’s SBA nearly doubled in size, prioritizing DEI programs over helping small businesses. ✅ Massive staffing cuts (43%) coming to eliminate wasteful positions and restore SBA’s core mission.
Kelly Loeffler Announces Major SBA Overhaul
🗣 SBA Chief Kelly Loeffler announced the sweeping cuts and fraud investigations in a statement posted on X, revealing just how deep the corruption ran under the previous administration.
🔴 Loeffler’s Full Statement:
“Today, pursuant to EO 14210, the U.S. Small Business Administration (SBA) announced its plans for an agency-wide reorganization. To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% – ending the expansive social policy agenda of the prior Administration, eliminating non-essential roles, and returning to pre-pandemic staffing levels…”
🔥 Loeffler called out Biden’s SBA for prioritizing left-wing policies such as:
- The Green Lender Initiative
- The Community Navigator Pilot Program
- DEI (Diversity, Equity, and Inclusion) activities
She also pointed out that Biden’s mismanagement led to the SBA’s first negative cash flow in over a decade due to rising loan defaults and delinquencies.
Elon Musk Blows the Whistle on SBA Loan Fraud
📢 During a meeting on Monday, Elon Musk revealed shocking evidence of fraudulent SBA loans given to minors—including babies.
🚨 WATCH: Elon Musk exposes $330M in fraudulent SBA loans 🎥 [Insert video link]
🗣 Elon Musk:
“The clearest case of fraud was with the Small Business Administration, where they were handing out loans—$330 million worth of loans—to people under the age of 11.” “I think the youngest, Kelly, was a nine-month-old who got a $100,000 loan. That’s a very precocious baby we’re talking about here.” “We’re tackling the fraud, waste, and abuse of the agency.”
🔴 President Trump responded:
“That’s amazing. And you have a lot of that. You found far too much of it. It’s pure fraud. We like to use the words ‘waste and abuse’ because they sound good, but many of these things are pure fraud.”
How Did This Happen?
Under Biden’s administration, SBA loan programs were completely unregulated, allowing fake applicants—including children—to receive massive amounts of money. The lack of oversight led to billions in taxpayer dollars being funneled into fraudulent applications.
🚨 Examples of SBA Loan Fraud: 🔹 Minors, including babies, were approved for business loans. 🔹 Fake businesses with no employees received millions. 🔹 Individuals used fake Social Security numbers to receive funds. 🔹 Hundreds of millions disappeared overseas.
This fraud wasn’t just overlooked—it was actively ignored by the Biden administration.
What’s Next?
✅ The Trump administration is cracking down on SBA fraud like never before. ✅ A major reorganization will cut 43% of SBA staff, eliminating wasteful and corrupt positions. ✅ A full-scale DOJ investigation is underway, with fraudsters being prosecuted. ✅ Major reforms will ensure taxpayer dollars go to ACTUAL small businesses, not scammers.
💥 THE DAYS OF FRAUD AND WASTE ARE OVER. The Trump administration is cleaning house and ensuring that the SBA serves America’s small businesses, NOT political activists and criminals.
🚨 What do YOU think? Should more Biden-era programs be audited for fraud? Comment below! 🚨
