Kids got millions in COVID loans through fake applications

Daily Report March 09,2025

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Federal investigators have uncovered a startling discovery regarding COVID-era loans, revealing that over $300 million in small business assistance was granted to applicants listed as children.

The Department of Government Efficiency (DOGE) investigation found that the Small Business Administration distributed approximately 5,600 loans worth $312 million to borrowers who were documented as being 11 years old or younger when the loans were issued during 2020 and 2021.

DOGE took to social media platform X to announce their findings, stating, “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.”

The agency further elaborated, “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.”

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🚨 🇺🇸 DOGE FINDS $312M IN COVID LOANS WENT TO ELEVEN-YEAR-OLDS

Trump's Department of Government Efficiency exposed 5,593 SBA loans granted to "business owners" who were 11 years old or younger during 2020-2021.

The kicker? All these suspicious loans used Social Security numbers… https://t.co/i4xdYKgPT8 pic.twitter.com/WeHtZE87jx

— Mario Nawfal (@MarioNawfal) March 9, 2025

The investigation didn’t stop at underage borrowers. DOGE also discovered irregularities involving elderly loan recipients. The agency reported, “In 2020-2021, @SBAgov issued 3,095 loans, including PPP (Paycheck Protection Program) and EIDL (Economic Injury Disaster Loan), for $333M to borrowers over 115 years old who were still marked as alive in the Social Security database.”

One particularly notable case involved a purported 157-year-old individual who received $36,000 in loans.

These findings follow a previous DOGE investigation into Social Security database irregularities, which caught the attention of Elon Musk. The tech entrepreneur commented on the unusual number of centenarians in the system, noting that over 25 million Americans were registered as being 100 years or older.

“According to the Social Security database, these are the numbers of people in each age bucket with the ‘death’ field set to FALSE. Maybe Twilight is real, and there are a lot of vampires collecting Social Security,” Musk added.

🚨BREAKING: DOGE just discovered 5,500+ Small Business Administration loans — worth $312 MILLION — were given to "business owners" who were 11 YEARS OLD OR YOUNGER during COVID.

Let me break this down for you… 🧵 pic.twitter.com/3Df6ePmSI7

— Rod D. Martin (@RodDMartin) March 9, 2025