LOLSBA
Exposing SBA Fraud & Helping Borrowers Fight Back
The SBA promised emergency relief. Millions got a 30-year debt trap instead. While fraudsters stole billions and walked free, legitimate borrowers face aggressive collections, Treasury offset, and bureaucratic nightmares. We're here to expose the dysfunction and give you the tools to fight back.
Breaking News
SBA Suspends 6,900 Minnesota Borrowers, Bans Them From All Future Loans
In the largest mass suspension yet, SBA Administrator Kelly Loeffler announced 7,900 loans worth $400 million have been flagged for fraud.
Damning OIG Report: SBA Failed to Collect on $79 Billion in Charged-Off Loans
New audit reveals the agency conducted zero post-default site visits and reported only 5% of delinquent borrowers to credit bureaus.
KeyBank Pays $7.77 Million to Settle PPP Fraud Allegations
While individual borrowers face prison, banks write checks and walk away. The two-tier justice system on full display.
Resources & Tools
FREE LOAN CALCULATOR
Find out if your SBA EIDL loan qualifies for forgiveness, hardship accommodation, or reduced payments. Updated for 2026.
EIDL Collections Guide
Complete guide to what happens when you can't pay. Treasury offset, wage garnishment, hardship programs, and your legal options.
Free Tools
FOIA request generator, EIDL debt calculator, Treasury offset estimator, and letter templates for hardship and reconsideration.
FAQ
Answers to the 20+ most common questions about EIDL, PPP, collections, fraud investigations, and FOIA requests.
Fraud Prosecution Tracker
Searchable database of 3,096+ fraud cases. See who's getting charged, for how much, and where.
SBA Explained
Understand the SBA's programs, how they work (and don't work), and why the pandemic relief turned into a disaster.
Horror Stories
Real stories from real borrowers. The bureaucratic nightmares, contradictory guidance, and aggressive collections tactics.
SBA Problems By State
Have an SBA Horror Story?
Your experience matters. Share your story to help others understand they're not alone, and to build the case for reform.