In a stunning revelation, the Small Business Administration (SBA) has uncovered massive fraud under the leadership of Kelly Loeffler, a former U.S. Senator and the head of the SBA during President Trump’s administration. Unbelievably, it was discovered that the SBA gave away $330 million to children under 11 years old, with one case involving a 9-month-old baby receiving $100,000!
Elon Musk, wearing a bold “Trump was Right About Everything” hat, revealed these shocking findings. The SBA is now taking serious steps to rectify past mistakes, announcing a 43% reduction in its workforce and putting an end to President Joe Biden’s wasteful policies.
Change is coming to the SBA.
— Kelly Loeffler (@SBA_Kelly)
March 21, 2025
This bold move comes after a period of mismanagement under the previous administration, where the SBA was left “bleeding money” and burdened with more than $200 billion in PPP and Economic Disaster Loan fraud.
The SBA statement released by Loeffler detailed the agency’s plan to return to its founding mission, including eliminating non-essential roles and reverting to pre-pandemic staffing levels.
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 and Musk are leading the charge against fraud, waste, and abuse, emphasizing a zero-tolerance policy. Musk’s revelation of loans to minors was a wake-up call, as he highlighted the absurdity of a nine-month-old securing a $100,000 loan.
Elon Musk: Well, the clinic 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-year-old who got $100,000 loan. That’s a very precocious baby you were talking about here. We’re tackling the fraud, waste, and abuse of the agency.
Kelly Loeffler reiterated the importance of accountability:
SBA Chief Kelly Loeffler: We’re tackling the fraud and abuse. We’ve seen hundreds of billions of dollars of fraud go unprosecuted, so we’re taking that on. We have a zero-tolerance policy for fraud, and we continue to crack down on it and make sure people are held accountable.
President Trump echoed these sentiments, emphasizing the severity of the fraud:
President Trump: That’s amazing. And you have a lot of that. You found far too much of it. It’s a pure fraud. We like to use the words waste and abuse because they sound good, but many of these things are pure fraud.
ELON UNCOVERS $330M TO 11 YEAR OLDS
SBA loans were being given to 11-year-olds, “The youngest was a 9 month year old, who received a $100,000 loan.” Fraud is being stopped all over!— Real America’s Voice (RAV) (@RealAmVoice)
March 24, 2025
The American people can rest assured that steps are being taken to rectify these scandals and that accountability is on the horizon.
