In a bombshell revelation, DOGE Director Elon Musk and Small Business Administration (SBA) Chief Kelly Loeffler exposed staggering fraud within the Biden-era SBA, including $330 million in loans to children under 11 and a jaw-dropping $100,000 loan to a nine-month-old baby.
The findings, uncovered through diligent investigation, confirm what conservatives have long warned: the Biden administration’s reckless spending and lack of oversight led to unprecedented waste, fraud, and abuse of taxpayer dollars.
During a meeting with Musk—who notably wore a “Trump Was Right About Everything” hat—Loeffler detailed the rampant corruption ignored for years under Biden. “An estimated $200 billion in PPP and Covid EIDL fraud was ignored for four years,” she stated, highlighting how Biden’s radical policies, like the Green Lender Initiative and DEI programs, diverted the SBA from its core mission. Instead of supporting small businesses, the agency became a slush fund for progressive pet projects, leading to soaring defaults, delinquencies, and negative cash flow for the first time in over a decade.
Musk didn’t hold back, declaring:
“The clinic case of fraud was with the Small Business Administration, where they were handing out loans—$330 million worth of loans to people under the age of 11. I think the youngest, Kelly, was a nine-month-old who got a $100,000 loan. That’s a very precocious baby.”
Loeffler, appointed by President Donald Trump to clean house, emphasized a zero-tolerance policy for fraud, vowing to hold perpetrators accountable. Meanwhile, Trump himself weighed in, stating:
“That’s amazing. And you have a lot of that. You found far too much of it. It’s pure fraud. We like to use the words waste and abuse because they sound good, but many of these things are pure fraud.”
ELON UNCOVERS $330M TO 11 YEAR OLDS
SBA loans were being given to 11 year olds, "The youngest was a 9 month year old, who received a $100,000 loan." Fraud is being stopped all over! @ElonMusk @POTUS pic.twitter.com/p3jlnUZmvD— Real America's Voice (RAV) (@RealAmVoice) March 24, 2025
The liberal media, of course, has ignored or downplayed this scandal, proving once again their complicity in covering up Biden’s failures. While they obsess over fake “Russian collusion” narratives, real corruption—the kind that robs hardworking Americans—flourished under their watch. Thankfully, Trump’s leadership is restoring accountability, slashing bloated bureaucracy, and ending the left’s exploitation of government agencies.