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JD Vance Suspends 870,000 Borrowers From Future SBA Loans

By Drooid · Sep 15, 2026, 3:02 AM UTC · How we work

Summary

Story summary

Vice President JD Vance permanently suspended nearly 870,000 borrowers from future SBA loans.
SBA Administrator Kelly Loeffler said the suspended borrowers were linked to about $39 billion in suspected fraud.
Florida recorded the most suspensions over 118,000 borrowers and $5 billion alleged fraud.
The SBA referred $22 billion in suspected fraudulent loans to the Treasury for collection this summer.

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Story summary

Vice President JD Vance permanently suspended nearly 870,000 borrowers from future SBA loans.
SBA Administrator Kelly Loeffler said the suspended borrowers were linked to about $39 billion in suspected fraud.
Florida recorded the most suspensions over 118,000 borrowers and $5 billion alleged fraud.
The SBA referred $22 billion in suspected fraudulent loans to the Treasury for collection this summer.