Tuesday, March 9, 2021

What to do if you’re billed for an SBA EIDL loan you don’t owe

Consumer Alerts from the Federal Trade Commission

by Rosario Méndez
Attorney, Division of Consumer and Business Education, FTC

Did you get a bill for a Small Business Administration (SBA) loan, but you didn't apply for one? It's likely that an identity thief applied for the loan using your personal or business information. The SBA has new guidance about reporting the fraud, and the FTC has tips to help you clear up any credit problems it may cause. 

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