Stay Safe from Loan Fraud
What to do if you are billed for an SBA EIDL loan you didn’t apply for
If you receive a bill for a Small Business Administration (SBA) loan but didn’t apply for one, it may be the result of a new fraud scam. Identity thieves have been applying for loans through the Economic Injury Disaster Loan (EIDL) program using other people’s personal or business information. Bills are now showing up to these people and businesses that had not ever applied for these loans, causing confusion and concern.
If you or your business receives a bill for an SBA EIDL loan you didn’t apply for, make sure to:
• Report the situation to the SBA’s Office of Disaster Assistance immediately.
• Follow the steps on IdentityTheft.gov/steps to further protect yourself from fraud scams.
• Report all examples of fraud or scams to IdentityTheft.gov.
• Keep any invoices you receive regarding the SBA loan until your identity theft report processes.
Please see the Federal Trade Commission website for more information.