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Kelly Loeffler: “I was part of taking not one company public, but two.”

Featuring: Kelly Loeffler, Republican | Administrator, U.S. Small Business Administration | National

$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler

Published January 9, 2026 | Video Starts at 09:07

Had Many over my 30 year career in financial services. Many setbacks, but did have success and apologize for the train. Honk if you like small business. But I was part of taking not one company public, but two. Was blessed to be part of a private company that went public. It's now part of Fortune 500 company. I also started a company that is now a public company in the crypto space when I served in the Senate. (09:07–09:11)

CLAIM

Asserts that Kelly Loeffler was involved in taking two companies public.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Kelly Loeffler

“$1.2 trillion in federal funds went out through the SBA. That was in the form of the Paycheck Protection Program and the Economic Injury…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 03:06-03:17
“Small businesses, which make up 99% of all businesses in this country that employ nearly half our workforce, there's 36 million of them now.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 03:29-03:38
“When I served in the Senate, I was the only chartered financial analyst to ever serve in Congress.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 09:22-09:27
“The president has brought in hundreds of billions of dollars in tariffs, trillions in commitments to build in this country.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 17:40-17:48
“Thousands of factories, maybe 50,000, 70,000 factories were scraped from America and millions of jobs were lost.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 17:55-18:04
“We worked through the holidays from Thanksgiving up to New year's on about 20,000 different files, found about 8,000 instances of fraudulent…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 00:03-00:15
“During the Biden administration, they had never cracked down on fraud.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 01:29-01:34
“We are now, because of this blueprint we have, we're going to be able to go state by state and see where people have defrauded the federal…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 02:15-02:25
“Under the Biden administration, they quickly started forgiving fraudulent actors, loans that were already fraught, fraud flagged.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 04:06-04:16
“The SBA was dormant under President Biden. 90% of the employees worked from home for four years.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 05:35-05:43
“We have about 5,000 [banks] signed up within our agency.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 06:11-06:15
“Normally we have a low default rate, maybe less than 2% on a good day.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 06:40-06:46
“I also started a company that is now a public company in the crypto space.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 09:17-09:22
“Thanks to President Trump's leadership and, sadly, his own personal experience and that of his family, we understand that debanking is a…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 12:59-13:10
“We now have the executive order that the SBA was charged with being part of the regulatory group, the occ, the FDIC and the Fed to…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 13:11-13:23
“We led the charge in sending out 5,000 letters.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 13:22-13:27
“Under Obama, it really started with operation choke point 1.0, where they started defunding, debanking, disfavored people.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 13:39-13:50
“They even went as far under the Biden administration to put it into the regulatory apparatus so that you'd be penalized as a regulated…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 13:50-14:00
“We sent out letters, got a very good response. Continue to go through those responses in collaboration with the regulatory agencies.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 14:33-14:42
“To use the banking system to be a choke point for disfavored political people is objectly wrong. And the President is reversing that.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 15:53-16:04
“The DOJ will be probably part of the broader response once we have all the responses.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 16:19-16:25
“The working families tax cut was so important because you have 100% expensing of made in America factories.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 19:30-19:36
“I've had many factory workers tell me that they're going to work more hours because their overtime is not going to be taxed away now.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 19:44-19:52
“In my first month, I announced our Made in America manufacturing tour and all the programs that go with it.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 20:44-20:51
“We've thrown our support behind Made in America Manufacturing act, which raises our loan limits to $10 million from $5 million.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 21:28-21:36
“When I was in the Senate, I introduced the Beat China act, which was to bring manufacturing back onshore.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 22:32-22:39
“The SBA has been tasked with leading a strike force, a deregulatory strike force.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 22:55-23:02
“Biden put additional tariffs on China even after President Trump did.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 23:36-23:42
“Federal contracting and the fraud that happens within it in Washington D.C. around these programs are probably the worst kept secret in…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 24:39-24:48
“There's been some very high profile DOJ actions last year that highlighted the wrongs of the eight program.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 25:01-25:11
“The federal government's a trillion dollar spender. So this is every year.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 25:29-25:36
“We have an investigation, a 15 year look back audit going on.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 25:42-25:47
“Socially and economically disadvantaged contracts are awarded right now to about 4,300 firms.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 26:17-26:25
“If they don't respond to the letters with the requested financial information...we are going to remove them from the program.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 26:36-26:51
“2026 is going to be a year for the record books. I mean, it's not just our 250th anniversary as the world's exceptional country, but it's…”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 28:12-28:29
“We're all working together like never before for the best president in American history.”
$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler | Uploaded January 9, 2026 | 28:31-28:37