SBA Warns of Loan Scam

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SBA Warns of Loan Scam

Apr 05, 2010
Posted by Molly Nelson - Are you thinking about applying for a Small Business Administration (SBA) loan?  If so, watch out for firms offering to help you apply for funds available through SBA programs.

In a press release, the SBA says they "have received several complaints from small businesses about abusive marketing practices, scams, and exorbitant fees charged by firms offering to help them obtain a loan, grant, or other federal funds, from SBA."

Read the whole press release for more information, and remember that you can get FREE assistance in applying for SBA funds in person or over the phone from any of the SBA's 68 District Offices and the SBA Web site.  Assistance is also available for free or a reasonable fee from SBA programs like Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and SCORE Chapters.

[SBA Warns Small Businesses of Fraudulent Attempts Offering to Help Them Secure SBA Loans]

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