The new small business loan programs created by the CARES Act has also increased scammers looking to defraud small businesses. Be alert for potential scammer who may try to email, call, or send letters asking for personal or business information. If you applied for a PPP loan, the SBA will not contact you, only your lender. For EIDL, all information will be asked for on the loan application, SBA will not ask you to send personally identifiable information to be submitted via email.
From SBA.gov scam website:
If you have a question about someone contacting you, keep some things in mind.
- Don't release any private information (especially Social Security numbers, credit card information, or banking information) in response to an unsolicited call, letter, or email.
- Contact the Better Business Bureau (BBB) for more information on a company before you commit to anything.
- Contact your state's Attorney General's office.
- Do a reverse search of the phone number on the internet--you'll often find that several people have listed the number as belonging to scammers. Ask for the number if you don't have caller ID.
Many scammers are using Phishing to steal personally identifiable information:
- If you are in the process of applying for an SBA loan and receive email correspondence asking for PII, ensure that the referenced application number is consistent with the actual application number.
- Look out for phishing attacks/scams utilizing the SBA logo. These may be attempts to obtain your personally identifiable information (PII), to obtain personal banking access, or to install ransomware/malware on your computer.
- Any email communication from SBA will come from accounts ending with sba.gov.
- The presence of an SBA logo on a webpage does not guaranty the information is accurate or endorsed by SBA. Please cross-reference any information you receive with information available at sba.gov.
Additional information on potential tax scams is available from the IRS.