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Kelly Loeffler: “Under the Biden administration, they quickly started…”

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 04:06

And those businesses are back on their feet. But there's a certain group of actors that saw opportunity and disaster and defrauded the government. And that's where we saw, Under the Biden administration, they quickly started forgiving fraudulent actors, loans that were already fraught, fraud flagged. So there was a set of thousands and thousands of loans that had been fraud, marked as fraud. They were not ever further investigated. Those cases were closed. (04:06–04:16)

CLAIM

Asserts that the Biden administration forgave loans flagged as fraudulent.

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