Small business owners 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 tips to help you stay clear of scammers as you apply for a small business loan.
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