Sorry, you need to enable JavaScript to visit this website.
Skip to main content

This is an alert for small business owners who are looking to apply for the Paycheck Protection Program (“PPP”) loans offered by the U.S. Small Business Administration (“SBA”). The loans help alleviate the economic impact of the Coronavirus pandemic, but there are bad actors trying to get business owners to apply for the wrong program. Today, the FTC announced that it filed a case against a company that allegedly claimed to offer PPP loans — but, in reality, the company is not affiliated with the SBA and, the FTC says, it has been deceiving hundreds, if not thousands, of business owners.

According to the FTC, the defendants, Ponte Investments, LLC, promoted their “SBA Loan Program” and website “SBAloanprogram.com” by calling business owners and following up with emails that say things like “We are the SBALoanProgram.com and as mandated by the SBA, getting approved is easier than ever!” The callers claim to be representatives of the SBA working with the business’s bank and urge the business owners to apply for a PPP loan right away. 

Business owners who’ve applied for loans through the defendant’s websites hoped for help from the federal government’s relief program but may be left empty-handed. Not only is this a waste of time and energy for them, and a loss for the businesses and their employees, but now someone else has their business information. 

If you’re a business owner, go to sba.gov/coronavirus to find information about PPP loans. Once at sba.gov/coronavirus, go to Click here to learn more about available SBA loan and debt relief options. Here are a few more tips: 

  • If you get an email that looks like it’s from the SBA or your bank, don’t click on any links. Instead, go directly to the organization’s website for information.
  • The government will not ask you to pay up front and it won’t call to ask for your Social Security, bank account, or credit card number.
  • Be cautious about companies that offer to expedite or facilitate your ability to get PPP loans. If you’re considering using an online provider or lender, stick with those you already know and trust. Be wary of companies you’ve never heard of or that call or send you emails out of the blue.
Search Terms

5 Comments


It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.

The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.

  • We won’t post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions.
  • We won’t post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups.
  • We won’t post threats, defamatory statements, or suggestions or encouragement of illegal activity.
  • We won’t post comments that include personal information, like Social Security numbers, account numbers, home addresses, and email addresses. To file a detailed report about a scam, go to ReportFraud.ftc.gov.

We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. The comments posted on this blog become part of the public domain. To protect your privacy and the privacy of other people, please do not include personal information. Opinions in comments that appear in this blog belong to the individuals who expressed them. They do not belong to or represent views of the Federal Trade Commission.

Shannon Horovsky
April 17, 2020
They should have just sent the money directly to Business owners so we didnt have to go through this. However from what I understand the funds are exhausted. Is that true?
Insanityniteli…
April 17, 2020
Why cant these people be arrested, you know who they are, why just a warning, this is fraud, this is a serious crime
Donnie
April 17, 2020
Does this apply to me
joan
April 17, 2020
Thank you!! you all so great at what you do!! stay safe, stay healthy
Kelly
May 11, 2020
We applied for the PPP over two weeks ago, received a brief email from our bank, US Bank, that the loan was approved on Thursday April 30th. Have not heard anything since. I keep getting "reassigned" to someone new every time I email the last person that I spoke with. I have been told it is still in process. We have 2 employees with our small construction business, plus myself, that have had no income since mid April.