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Kelly Loeffler: “If they don't respond to the letters with the requested…”

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

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

Published | Video Starts at 26:36

Well, we know based on the preliminary audit we've done, is that there's a lot of fraud in those programs. So we sent a letter to every single person. Those letters are due back this month in January. And If they don't respond to the letters with the requested financial information...we are going to remove them from the program. which came into effect under Jimmy Carter, we are going to remove them from the program. And we are not going to operate programs that traffic in abuse, waste and fraud, and we're not going to traffic in dei. (26:36–26:51)

CLAIM

Asserts firms will be removed from the program if they don't provide requested financial information.

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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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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