Be careful when applying for a Small Business Administration loan - Crawford Ellenbogen

A Small Business Administration (SBA) loan can make big things
happen for your company. But the agency’s loan program is sometimes abused by
con artists. Be wary of businesses that charge upfront fees to help you apply
for an SBA loan, even if they’re couched as “processing” or “credit check”
fees. High-pressure tactics, such as threats or limited-time offers, also
warrant suspicion. Some perpetrators are simply after personal information such
as Social Security and bank account numbers. Don’t provide them to unsolicited
callers. The best way to avoid fraud is to carefully vet loan services before
you work with them.