LOLSBA
Exposing SBA Fraud & Helping Borrowers Fight Back
The SBA promised emergency relief. Millions got a 30-year debt trap instead. While fraudsters stole billions and walked free, legitimate borrowers face aggressive collections, Treasury offset, and bureaucratic nightmares. We're here to expose the dysfunction and give you the tools to fight back.
Breaking News
154 "Disadvantaged" Small Businesses Were Worth Tens of Millions and the SBA Gave Them $1.3 Billion
If a company has $35 million in assets, is it a "disadvantaged small business"? The SBA thought so, handing $1.3 billion to 154 firms that were anything but small or disadvantaged.
SBA and USDA Finally Decide to Share Data on Fraud, Only $200 Billion Too Late
After losing $200 billion to pandemic fraud, the SBA and USDA have signed a "data sharing agreement" to detect fraud. The DOJ has recovered just 0.7% of stolen funds.
SBA Kills Its Own Credit Scoring System for Small Loans, Replaces It With a Bureaucratic Nightmare
Effective March 1, 2026, the SBA is discontinuing the FICO SBSS credit scoring requirement for 7(a) Small Loans under $350K. Lenders must now manually underwrite every application.
Kansas City Woman Gets 87 Months for PPP Fraud, Co-Defendant Had 253 Stolen Treasury Checks
Rasheeda McDaniel claimed $147K in gross receipts with zero taxable income. Co-defendant Briauna Adams sentenced to 11 years after investigators found 253 stolen Treasury checks.
Family of Fraudsters Gets 3 Years for Stealing $2.5M in PPP Money
A family PPP fraud ring got just 3 years in prison for stealing $2.5 million, while a cop who faked a business got more time. Welcome to America's justice lottery.
SBA Employee Got Hired at the IRS Too, Then Robbed Both Agencies Blind
Attallah Williams, 32, got herself hired at both the SBA and the IRS simultaneously, then used her access to steal $3.5 million from federal pandemic relief programs.
Resources & Tools
FREE LOAN CALCULATOR
Find out if your SBA EIDL loan qualifies for forgiveness, hardship accommodation, or reduced payments. Updated for 2026.
EIDL Collections Guide
Complete guide to what happens when you can't pay. Treasury offset, wage garnishment, hardship programs, and your legal options.
Free Tools
FOIA request generator, EIDL debt calculator, Treasury offset estimator, and letter templates for hardship and reconsideration.
FAQ
Answers to the 20+ most common questions about EIDL, PPP, collections, fraud investigations, and FOIA requests.
Fraud Prosecution Tracker
Searchable database of 3,096+ fraud cases. See who's getting charged, for how much, and where.
SBA Explained
Understand the SBA's programs, how they work (and don't work), and why the pandemic relief turned into a disaster.
Horror Stories
Real stories from real borrowers. The bureaucratic nightmares, contradictory guidance, and aggressive collections tactics.
SBA Problems By State
Have an SBA Horror Story?
Your experience matters. Share your story to help others understand they're not alone, and to build the case for reform.