The U.S. Small Business Administration (SBA) has introduced a series of new verification protocols aimed at preventing fraud within its loan programs and ensuring that financial support reaches only eligible American small business owners.
The changes follow recent findings by the Department of Government Efficiency (DOGE), which uncovered widespread abuse of SBA loan programs. According to data from the U.S. Social Security Administration, over $630 million in loans were granted to applicants with birthdates suggesting they were either younger than 11 or older than 115 years old.
Key measures now in place include citizenship and date-of-birth verification as part of the SBA loan application process. These updates are intended to safeguard the integrity of the agency’s programs and restore public trust.
Fraud Prevention Measures
The SBA now requires lenders to verify the citizenship status of all applicants to ensure businesses are not owned wholly or partially by illegal aliens. This new protocol aligns with an executive order aimed at ending taxpayer subsidization of individuals in the country unlawfully.
In addition, loan applicati
