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Manila Times Business

SBA Suspends 27,486 Ohio Borrowers Connected to $1.1 Billion in Suspected Fraudulent Pandemic-Era Loans

Announcement Comes as Four Ohio Borrowers Charged with PPP Fraud WASHINGTON, June 04, 2026 (GLOBE NEWSWIRE) -- Today, in consultation with the White House Task Force to Eliminate Fraud, the U.S. Small Business Administration (SBA) announced the suspension of 27,486 Ohio borrowers connected to approximately $1.1 billion in suspected fraudulent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster Loan (EIDL) activity. The announcement comes after SBA Administrator Kelly Loeffler an

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Source: manilatimes.net

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