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We all knew that there was plenty of funny business going on, but some of what DOGE has found has been truly jaw-dropping.
It doesn’t seem like it’s going to stop either, as DOGE announced on Saturday night that the Small Business Administration had loaned hundreds of millions of dollars to small enterprises during the COVID pandemic. Sounds fine, right?
Except for the fact that the business owners in these cases were all 11 years old or younger:
In 2020-2021, SBA granted 5,593 loans for $312M 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… https://t.co/PHCd4l7qFs
— Department of Government Efficiency (@DOGE) March 9, 2025
The tweet continues:
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.
@DOGE and @SBAgov are working together to solve this problem this week.
I’m sure there are some extremely entrepreneurial youngsters out there… but 5,593 who are sophisticated enough to start businesses and apply for loans from the federal government? Color me dubious.
It doesn’t add up:
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.