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
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 while 111,620 California borrowers have been suspended.
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 while DOGE slashes 43% of the SBA workforce.
Kansas City Woman Gets 87 Months for PPP Fraud, Co-Defendant Had 253 Stolen Treasury Checks Worth $700K
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 at her home.
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.