Sunday, March 9, 2025

Kid Cash

Some kids got a lot of cash:
DOGE said it identified that the Small Business Administration (SBA) granted nearly 5,600 loans for $312 million to borrowers whose only listed owner was 11 years old or younger at the time of the loan. The loans were issued in 2020 and 2021 – while the world struggled with the COVID-19 pandemic – and it is unclear what they were used for. "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 an SSN with the incorrect name," the agency wrote. "@DOGE and @SBAgov are working together to solve this problem this week," they added.
No more allowances for them...
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