You've Got to Be Kidding Me: DOGE Uncovers Hundreds of Millions in SBA Loans… to Children
Snippet of Article: "We all knew that there was plenty of funny business going on, but some of what DOGE has found has been truly jaw-dropping. ...Sounds fine, right?
Except for the fact that the business owners in these cases were all 11 years old or younger:
In 2020-2021, SBA granted 5,593 loans for $312M to borrowers whose only listed owner was 11 years old or younger at the time of the loan. While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used… https://t.co/PHCd4l7qFs
— Department of Government Efficiency (@DOGE) March 9, 2025
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