SBA Refers 562,000 Suspected Fraudulent Loans Worth $22.2 Billion to Treasury

The suspected fraud is related to pandemic-era loans given out to businesses.

Small Business Administration Administrator Kelly Loeffler speaks during an interview with EpochTV’s “American Thought Leaders” at her office in Washington on Jan. 7, 2026. Madalina Kilroy/The Epoch Times

The Small Business Administration (SBA) has referred 562,000 loans suspected to be fraudulent to the Treasury Department for collection, the agency said in an April 24 statement.

The borrowers of these loans “are tied to $22.2 billion in delinquent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster (EIDL) loans,” the SBA said.