Trump's small business guru reveals true extent of Elon Musk's power

Donald Trump's 'small concern guru' has revealed the grade of DOGE person Elon Musk's reforms wrong her agency.

Small Business Administration (SBA) Administrator Kelly Loeffler praised Musk for uncovering monolithic fraud, discarded and maltreatment and bringing an entrepreneur's mindset to the White House.

Speaking with the Daily Mail successful an exclusive sit-down interrogation connected Friday, Loeffler, who usually sits adjacent to Musk astatine Cabinet meetings, shared that the DOGE person has recovered occurrence by treating the authorities similar a tiny business. 

'I'm incredibly grateful to Elon Musk and his full squad astatine DOGE. I mean, these are hard moving patriots. They are successful the bureau late. They're present early. They're solving problems,' she said. 

'We person recovered $630 cardinal successful fraud acknowledgment to the DOGE team's efforts.'

Musk's squad recovered that the hundreds of millions of dollars successful SBA loans went to individuals aged older than 115 oregon younger than 11, according to Social Security data. 

The monolithic fraud took spot erstwhile the bureau oversaw the allocation of billions worthy of COVID-related funding, though it was archetypal identified by DOGE successful March. 

In summation to fraud, DOGE besides identified wasteful contracts worthy billions that the bureau has since canceled, the SBA brag shared.

'We've ended those contracts that would person outgo taxpayers $3 cardinal and we've besides recovered areas wherever we tin marque this bureau restored to its archetypal founding ngo of serving tiny businesses,' Loeffler told the Daily Mail.

She touted her efforts 'reducing our workforce to pre-COVID levels and doing much with less, due to the fact that that's what tiny businesses do.'

'They ever bash much with less,' she added. 'The national authorities tin bash the same.'

DOGE estimates it has recovered implicit $170 cardinal successful fraud, discarded and maltreatment since the opening of Trump's term, according to its website. 

That averages retired to implicit $1,000 per U.S. taxpayer, per DOGE's calculations. 

DOGE is 'doing precisely what each of america successful the Cabinet who travel from the backstage assemblage would do, which is, you travel successful and marque an appraisal of what tin we bash better?'

Of each the U.S. agencies being reformed by DOGE, SBA ranks seventh for the magnitude of savings uncovered, according to the DOGE website. 

SBA spending has ballooned massively since the COVID epidemic, federal information shows, rising from astir fractional a cardinal dollars successful 2019 to $33 cardinal successful 2024.

Loeffler besides told the Daily Mail that the president instructed her to prioritize loans to American tiny businesses that are focused connected manufacturing.  

'We unrecorded successful a state that should beryllium capable to marque its ain nuts, bolts, screws and fasteners that physique this country,' she said. 'We don't bash that anymore.'

Earlier this year, the SBA announced it chopped implicit $100 cardinal successful regulations to beforehand its 'Made successful America' run to assistance beforehand manufacturing.

'Investment is needed much for AI enabled CNC machines, for example,' Loeffler said. 

Computer numerical power (CNC) machines are the cutting-edge, often AI-enabled, manufacturing instruments utilized for wide production. 

'We were impressed by however galore tiny businesses are already employing AI to summation productivity and ratio successful their operations,' she told the Daily Mail.