I was contacted by someone who said they were affiliated with the SBA and can help me get a SBA Paycheck Protection Program (PPP) loan. Is this a scam?
Some companies are taking advantage of the pandemic to engage in unethical behavior by promising expedited relief or fast help getting a PPP loan. In June, the FTC and SBA sent warning letters to companies that may be misleading small businesses seeking SBA loans as a result of the coronavirus 2019 pandemic.
In addition, the application deadline for the PPP loans was August 8, 2020.
Remember, applying for a loan was a step-by-step process before the coronavirus crisis and it’s a step-by-step process now. To find legitimate information about PPP loans, visit sba.gov/coronavirus.
See also: Small business support