April 20, 2025

Small Business Administration

Loans

Elon Musk Backs Crackdown On SBA Loans After $333 Million Went To Borrowers Over 115 Years Old

Elon Musk Backs Crackdown On SBA Loans After $333 Million Went To Borrowers Over 115 Years Old Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk endorsed new loan verification measures implemented by the Small Business Administration, highlighting concerns about fraudulent applications using stolen Social Security numbers. What Happened: “No more loans to babies or people too old

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Loans

What happens to student loans if Trump abolishes Education Department?

Mixed reactions to Trump’s order to dismantle Education Department Residents in Columbia, Missouri, and New York City reacted to President Donald Trump’s executive order aimed at dissolving the Education Department. WASHINGTON — President Donald Trump signed a long-anticipated executive order seeking to eliminate the U.S. Department of Education, which he said was “45 years in

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Loans

What happens to student loans, FAFSA after deep Education Dept. cuts?

We’ve set out to answer other questions you might have about the deep Education Department cuts and what they might mean for your student loans, your child’s IEP and campus programs. Education Department employees received termination notices An email sent to employees at the Education Department told staff not to come into work on Wednesday.

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Loans

Government shutdown and services that would be reduced or closed

Chuck Schumer to vote to advance GOP funding bill Democratic Senator Chuck Schumer says he will vote for the GOP funding bill to avoid a government shutdown. The Senate will vote on a stopgap funding bill to avert a government shutdown. Democrats may vote against the bill in protest of President Trump’s policies. If the

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