NEW: Following an SBA referral of suspected fraud, the IRS has opened examinations into discrepancies associated with approximately $100 billion in PPP and COVID EIDL loans. @VP’s @WHFraudTF is enabling a new level of cross-government coordination to identify fraud, pursue enforcement, and protect taxpayer funds.

Today, SBA announced suspensions for 870,000 PPP and COVID EIDL borrowers tied to $39 billion in suspected fraud, in our biggest fraud action to date. In total, the Trump SBA has now suspended about 1 million borrowers associated with $49 billion in suspected pandemic fraud across all 50 states and U.S. territories. Also today, the agency announced “Operation No Doze” in partnership with @SBAOIG – a campaign that will send demand letters to suspected fraudsters across the nation, starting in Kansas and Missouri. The agency has already referred $22 billion to Treasury – and will continue to partner with its federal counterparts across the Administration to both claw back stolen dollars and prosecute criminals to the fullest extent of the law.

After decades of bad economic policies that sold out Main Street and offshored our industrial might, President Trump is forging a new path. Now, thanks to his economic policies, small businesses are forming at record rates and America’s manufacturing sector is booming.

DOJ has secured an $11 million settlement from a CCP-linked company that defrauded the PPP program. As @WHFraudTF continues to expose these fraudsters, we are also working to shut every back door that allowed our nation’s adversaries to profit from programs meant for honest Americans.

From Prohibition-era shutdown to Kansas City’s first legal distillery since - J Rieger is a small business story worth toasting. 🥃 I joined @RepMarkAlford to learn more about this amazing comeback story. Small business built Kansas City and Andy Rieger is leading the way.

Cybersecurity is paramount within the defense industrial base, but compliance can’t come at the cost of small business participation. SBA and DoW are partnering to ensure regulations don’t crowd out the essential suppliers that keep our warfighters strong.

This week, @SBADeputy_Bill attended @RepBethVanDuyne’s successful North Texas Job Fair, designed to help fill 68,000 jobs in the region. Free enterprise states like Texas are thriving in the Trump economy thanks to tax cuts and free trade.

If your home or business is in a declared disaster area, SBA assistance can help you rebuild and recover. ✅ Apply now: ✅ Follow @SBA_ODRR for more updates

Yesterday, @SBA_Kelly stopped by Patriot Industries in Louisa, VA with @RepJohnMcGuire to hear how the family-owned aluminum and steel manufacturer has used the Working Families Tax Cuts to grow their company.

670 businesses hiring. 68,000 job openings. All at the North Texas Job Fair today. Thanks the leadership of @RepBethVanDuyne hundreds of small businesses are sourcing critical hires. The @POTUS economic agenda is working well in Texas!

Strong supply chains start with strong small businesses. By connecting large companies with small domestic suppliers, @SBAgov is creating opportunities for small businesses to strengthen America's economy, manufacturing base, and national security.

In the span of 8 months, Unified Legacy went from needing a new factory to breaking ground on one that will create 500 good-paying jobs in middle Georgia. They couldn’t be clearer: this project was only possible thanks to Working Families Tax Cuts & President Donald J. Trump!

From sea to shining sea, small business owners across America have signed the #Freedom250# pledge! Don't miss your chance to celebrate our nation's entrepreneurial spirit:

Every dollar saved is a dollar back in the hands of HARDWORKING Americans. @WHFraudTF has stopped $56 BILLION in fraudulent payments—and @SBA_Kelly is helping lead the charge to make sure taxpayer money goes to real small businesses, not fraudsters.

Next month, five small business entrepreneurs will make their pitch to America for the chance to win a share of $1 million funded by @CloverCommerce. Read about our amazing finalists! ⬇️

The Biden Administration took almost no action to address the estimated $200 billion in pandemic fraud that accumulated on their watch. The Trump SBA is going state-by-state with @WHFraudTF to hold fraudsters accountable – and claw back every dollar that was stolen.