PPP and EIDL Loan Scams - Avoid these tactics!

SBA link to report scams and frauds: https://www.sba.gov/document/report-s...

Some of you may be participating in fraudulent activity or being directly SCAMMED by criminals taking advantage of the stimulus programs.

Instagram and Telegram/What’s App “Hackers” are helping people apply for a loan and asking for percentages of the loan in return. If anyone is trying to get you to do this, RUN FAR AWAY! These "ppp hacks" and "eidl hacks" are likely going to get you as a legitimate business owner in trouble!

Email scams are rampant too. Only emails from sba.gov are legitimate. Do not give any personal identifying information unless you are SURE you are emailing a legitimate representative of the SBA. Check your loan numbers with the representative – they should initiate the number, you check it. this goes for the bank too.
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.