DOGE Uncovers $312M In Loans Given to Children During COVID

Elon Musk’s Department of Government Efficiency continues to reveal the extent of corruption in government agencies.

This time, DOGE has uncovered a whopping $312 million in loans handed out from the Small Business Administration to individuals under the age of 11 — actual children.

I don’t know many 11 years old who own businesses, do you?

In addition, they also found $333 million in loans to folks over the age of 115 years old.

DOGE announced the discovery on X:

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. 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… https://t.co/PHCd4l7qFs

— Department of Government Efficiency (@DOGE) March 9, 2025

All of these loans were given during COVID times.

It remains unclear, as of now, who actually cashed these checks and what they were used for.

DOGE uncovered $312 million in loans to borrowers who are 11-years-old or younger.

Who cashed the checks in the name of these children⁉️

— Libs of TikTok (@libsoftiktok) March 9, 2025

From Fox News:

The Department of Government Efficiency (DOGE) announced a further wave of contract terminations late Saturday, noting that they also identified thousands of cases where more than $300 million in loans were granted to children.

The announcements come as the Elon Musk-led agency continues to root out waste, fraud and corruption in the federal government.

DOGE said it identified that the Small Business Administration (SBA) granted nearly 5,600 loans for $312 million to borrowers whose only listed owner was 11 years old or younger at the time of the loan. The loans were issued in 2020 and 2021 – while the world struggled with the COVID-19 pandemic – and it is unclear what they were used for.

“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,” the agency wrote.

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“@DOGE and @SBAgov are working together to solve this problem this week,” they added.

The fraud is astonishing.

We have to find out who was responsible and hold them accountable.

DOGE has uncovered $312,000,000.00 million in loans to borrowers who are 11-years old or younger.

The corruption is real.

People need to be prosecuted or it will not stop.

— Gunther Eagleman™ (@GuntherEagleman) March 9, 2025