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DOGE says $312M in SBA loans were given to children during COVID pandemic

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.

"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.

But not to worry, all ages were welcome to the ball:

3,095 SBA loans for $333 million went to borrowers over 115 years old.