How to Avoid SBA PPP (Paycheck Protection Program) Scam
The Business Credit and Financing Show · Ty Crandall
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Show Notes
During this show, you'll discover …
✅ How efforts to combat the financial effects of the novel coronavirus have caused other problems for small business owners
✅ How scammers are trying to take advantage of the Paycheck Protection Program
✅ How a combination of unprecedented need…
✅ … $2 trillion in funding…
✅ … some relaxed rules…
✅ … desperation…
✅ … and unethical people…
✅ … has created a situation where some are trying to cheat the system
✅ How bad actors are already trying to game the system
✅ Ways to protect yourself against SBA loan scams
✅ What the Small Business Administration says about avoiding scammers
✅ What to look for
✅ How and why a dose of skepticism is healthy
✅ Where online lenders fit into the picture…
✅ … and how they may end up being able to participate in the SBA Paycheck Protection Program…
✅ … and how reputable online lenders can be a part of getting your business back on its feet
✅ How federal oversight affects the SBA PPP and the CARES Act
✅ How to get a forgivable loan from the stimulus package
✅ How to get a legit SBA PPP loan
✅ Where we have up to date information on the SBA Paycheck Protection Program…
✅ … which we are updating regularly