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Kelly Loeffler: “We've thrown our support behind Made in America…”

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 21:28

So it is getting done, and I'm just raising the visibility and then advancing things in Congress. So We've thrown our support behind Made in America Manufacturing act, which raises our loan limits to $10 million from $5 million. because the AI, the advanced manufacturing, robotics, robotic welding that I've seen in factories, we're actively reassuring industries in real time. So they need that capital. (21:28–21:36)

CLAIM

Asserts support for the Made in America Manufacturing Act, increasing loan limits to $10 million.

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…”
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“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.”
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“When I served in the Senate, I was the only chartered financial analyst to ever serve in Congress.”
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“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.”
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“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…”
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“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 was part of taking not one company public, but two.”
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“I also started a company that is now a public company in the crypto space.”
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“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.”
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“The DOJ will be probably part of the broader response once we have all the responses.”
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“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.”
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“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
“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.”
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“The federal government's a trillion dollar spender. So this is every year.”
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“We have an investigation, a 15 year look back audit going on.”
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“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.”
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“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…”
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“We're all working together like never before for the best president in American history.”
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