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If you’re a business owner, you may be planning to apply for a loan through the SBA’s Paycheck Protection Program (PPP) or Economic Injury Disaster Loans (EIDL) program. These programs recently got hundreds of billions of dollars in new funding. But, while you’re focused on getting a loan, scammers may be focused on you: hoping to trick you into giving them sensitive business information, like your bank account numbers, employees’ Social Security numbers, and even your money.

Here are some “dos” and “don’ts” to help you stay clear of scammers as you apply for a small business loan.



  • Don’t pay in advance for information. All the information from the SBA is free at
  • Don’t pay in advance for a government loan. You don’t have to pay up front to get an SBA loan.
  • Don’t give your information to someone who calls, emails, or texts you out of the blue. The SBA won’t call unsolicited to find out information about you or your business, or to ask you to apply for a loan. The SBA is not going to send you emails or text messages asking for sensitive information. If you get an email or text like this, delete it. It’s a scam.  
  • Don’t apply for a loan without verifying the lender. Only SBA-authorized lenders can provide PPP loans, and other loans may be available through SBA directly. To find an SBA-authorized lender in your area, use this SBA tool.
  • Don’t click on links or reply to emails or text messages from someone you don’t know. If you click on the links, you could download malware to your computer or device or be connected to a scammer or hacker.

 Warn your staff, too, to be alert for spoofed emails and bogus calls. And, if you or your employees spot a scam, please let us know at

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April 28, 2020
veteran-owned small business is getting hurt by SBA, Banks, and bad actors. Shameful.
April 28, 2020
Thank you for this information. I do have one question: You state above --- "Don’t click on links or reply to emails or text messages from someone you don’t know." So, as a consumer or business, how are we able to tell what is SCAMMER'S LINK vs An Honest One?
July 09, 2020
Will the SBA ever ask to return over payment by mail?