Children under 11 have applied for $330 million in Small Business Administration loans, Musk says

 


Tesla owner Elon Musk broke some important news during a meeting with President Donald Trump and members of his cabinet.

Musk stood up and revealed that the Department of Government Efficiency (DOGE) identified children under the age of 11 who had applied for Small Business Administration (SBA) loans totaling $330 million.

During the conversation, the tech billionaire and CEO of Tesla and SpaceX made a statement questioning the credibility and oversight of the SBA loan program.

Musk went even further, claiming that the youngest borrower was a nine-month-old baby who received a $100,000 loan.

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