SBA halts grants to Minnesota
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In addition to the TRO, the SBA filed a lawsuit claiming that the city’s new tax and licensing requirement are unconstitutional, and that the city has “exceeded” its authority in imposing the tax and the licensing requirement.
7don MSN
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.
RealClearInvestigations on MSN
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.
The lobbying group for DraftKings, FanDuel and other sports betting companies is suing the city of Chicago over its budget set to go into effect on Thursday.
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.
Small business owners and private nonprofit organizations who lost money due to Hurricane Milton last year can still apply for low interest federal disaster loans, but time is running out.