The Department of Government Efficiency (DOGE) said over the weekend that it found that the U.S. Small Business Administration (SBA) allegedly granted thousands of loans worth hundreds of millions of dollars to individuals who had an age listed as 11 years old or younger.
In a post on Saturday night that was reposted by Elon Musk, who leads the department, DOGE wrote that in the COVID-19 pandemic years of 2020 and 2021, the SBA granted 5,593 loans worth $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 post added, referring to a Social Security Number….