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
London KY Woman Gets 44 Months for Stealing $1M in COVID Relief, Blew It on Plastic Surgery and Viking Cruises
Nicole Pennington of London, Kentucky submitted 30 fraudulent PPP and EIDL applications, scored over $1 million, and spent it on plastic surgery, Viking cruises, and kitchen renovations. 44 months in federal prison.
$9 Billion Gone: The Minnesota Somali Fraud Network That Made the SBA Look Like a Vending Machine
Federal probe targets the largest COVID relief fraud network in American history. 98 defendants charged, 64 convicted, and the SBA deployed Palantir after $9 billion vanished through Minnesota's Somali community aid programs.
DOGE Gutted 43% of the SBA Then Dumped $1.7 Trillion in Student Loans on the Wreckage
DOGE cut 2,700 SBA employees, killed 26 contracts targeting women and minority-owned businesses, closed offices in sanctuary cities, then handed the skeleton crew a $1.7 trillion student loan portfolio.
"Most Stupid Fraud in History": Illinois Tax Preparer Gets 10 Years for $14M PPP Fraud
An Illinois tax preparer earned the unofficial title of dumbest PPP fraudster in America after getting caught running a $14 million scheme. He just got 10 years.
California's $8.6 Billion Pandemic Loan Fraud Bombshell Exposed
The Trump administration uncovered $8.6 billion in suspected pandemic loan fraud in California alone. 111,620 borrowers suspended. The biggest state-level fraud discovery in SBA history.
SBA Brings in Palantir for Nationwide Fraud Hunt: You Can Run But You Can't Hide
The SBA is done playing nice. Days after suspending 7,000 Minnesota borrowers, the agency has partnered with Palantir to launch a nationwide AI-powered fraud detection sweep targeting $200 billion in suspect COVID loans.
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.
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 3,000+ 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.
Hall of Shame
The worst SBA failures, the most outrageous fraud cases, and the officials who let it all happen. Names named.
SBA Failure Statistics
Hard data on fraud totals, denial rates, processing times, and waste. The numbers the SBA doesn't want you to see.
How the SBA Actually Works
And why it doesn't. The real structure behind the acronyms, the politics, and the dysfunction.
Legal Resources
File FOIA requests, report fraud, find legal aid. The tools borrowers need to fight back against SBA abuse.
SBA Collections & Hardship
What happens when you can't pay your SBA loan. Treasury offset, wage garnishment, hardship options, and survival strategies.
Why SBA Loans Get Denied
The common EIDL and PPP denial reasons explained in plain English. What the rejection letter really means.
SBA Jargon Glossary
SBA terms translated for humans. From "charge-off" to "Treasury offset" to "offer in compromise" and everything in between.
SBA Loan Appeals Process
How to fight a denial, file an appeal, and navigate the bureaucratic maze. Your step-by-step guide to getting reconsidered.
Common SBA Problems
Why loans get stuck, applications vanish, and nobody answers the phone. The most common SBA problems and what to do.
SBA Processing Delays
Why your application has been "in review" for months. The real reasons behind SBA's legendary processing times.
SBA Stories Archive
Real experiences from small business owners who dealt with the SBA. The good (rare), the bad (common), and the ugly (constant).
What the SBA Doesn't Tell You
The fine print, the hidden fees, the undisclosed risks. Everything the SBA conveniently leaves out of the brochure.
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.