COVID 19 Relief SBA Gov Scam

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COVID 19 Relief SBA Gov Scam

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The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19). The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times. Be on the lookout for grant fraud, loan fraud, and phishing COVID19 Relief SBA Gov scams.

Scams and Fraud Schemes

Grants

  • SBA does not initiate contact on either 7a or Disaster loans or grants. If you are proactively contacted by someone claiming to be from the SBA, suspect fraud.

Loans

  • If you are contacted by someone promising to get approval of an SBA loan, but requires any payment up front or offers a high interest bridge loan in the interim, suspect fraud.
  • SBA limits the fees a broker can charge a borrower to 3% for loans $50,000 or less and 2% for loans $50,000 to $1,000,000 with an additional ¼% on amounts over $1,000,000. Any attempt to charge more than these fees is inappropriate.
  • If you have a question about getting a SBA disaster loan, call 800-659-2955 or send an email to disastercustomerservice@sba.gov.
  • If you have questions about other SBA lending products, call SBA’s Answer Desk at 800-827-5722 or send an email to answerdesk@sba.gov.

Phishing

  • If you are in the process of applying for an SBA loan and receive email correspondence asking for PII, ensure that the referenced application number is consistent with the actual application number.
  • Look out for phishing attacks/scams utilizing the SBA logo. These may be attempts to obtain your personally identifiable information (PII),to obtain personal banking access, or to install ransomware/malware on your computer.
  • Any email communication from SBA will come from accounts ending with sba.gov.
  • The presence of an SBA logo on a webpage does not guaranty the information is accurate or endorsed by SBA. Please cross-reference any information you receive with information available at www.sba.gov.

Report Fraud

Report any suspected fraud to OIG’s Hotline at 800-767-0385 or online at www.sba.gov.

Note: Some of the names, addresses, email addresses, telephone numbers or other information in samples on this website may have been impersonated or spoofed.

Please share what you know or ask a question about this article by leaving a comment below. Check the comment section below for additional information, if there is any. Remember to forward suspicious, malicious, or phishing email messages to us at the following email address: info@onlinethreatalerts.com. And, report missing persons, scams, untrustworthy, or fraudulent websites to us. Tell us why you consider the websites untrustworthy or fraudulent. Also, to quickly find answers to your questions, use our search engine.

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Comments, Questions, Answers, or Reviews
(Total: 12)

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  • May 25, 2020 at 12:42 AM by an anonymous user from: Benton, Arkansas, United States

    I received an email tonight as well. I did hit the link and created a password, but I stopped there. It all seemed fishy at that point.

    Covid19relief1.sba.gov seems to be the basic site. it was followed by letters, numbers, account/register, etc. just looked a little off on the page.

    remove

  • May 5, 2020 at 11:50 AM by an anonymous user from: Wellington, Colorado, United States

    covid19relief1.sba.gov - is this site a scam?

    I cannot log in using the credentials set up when applying for SBA EIDL loan originally -

    its the number "1" that makes me suspect...

    remove

    • May 17, 2020 at 10:05 AM by an anonymous user from: Windermere, Florida, United States

      I would also like to know if that is a scam. Did you find out for sure yet?

      remove

    • May 5, 2020 at 11:55 AM by info

      No, it is legit.

      remove

      • May 19, 2020 at 2:59 AM by an anonymous user from: Los Angeles, California, United States

        How do you know it’s legit? They are offering me a $42,000 loan at 3.75%. Clearly higher than the guidance given above.

        remove

  • April 6, 2020 at 3:37 PM by an anonymous user from: Fresno, California, United States

    On the online application for a loan for small business or sole proprietorship is it normal for it to ask for bank account info before the application is even approved?

    remove

  • April 5, 2020 at 2:32 AM by an anonymous user from: Fresno, California, United States

    On the online application for a loan for small business or sole proprietorship is it normal for it to ask for bank account info before the application is even approved?

    remove

  • April 3, 2020 at 7:48 PM by info

    Here is a scam, please do not follow the instructions in it:

    "COVID-19 FUND SUPPORT

    Fri 4/3/2020 7:25 PM

    From: Angiad Org - info@sekerbks.com

    Greetings,

    In this time of pandemic and global covid-19 crisis, we have decided to reach out those who are in need for financial support, It's our ought most duty to lend a helping hand to the affected people. Our Organization liaise with renowned world philanthropist and charity Organizations people to tackle some of today’s biggest challenges of consistent global crisis in today’s' world.

    Our Organization is giving out US$2,500,000,00 to individuals, entrepreneurs and corporate bodies Globally, We are randomly selecting people from the World health organization data base. Hence, we urge you to respond to this mail and be willing to help us reach out those affected during this pandemic era within your region and beyond.

    Contact us for details on how to get the support fund.

    Your response will be a great step.

    STAY HOME-KEEP CLEAN AND STAY SAFE

    Regards!

    Alper Yuksel

    Board Of Director

    This message has been sent as a part of discussion between Ankara Businessmen Association-ANGİAD and the addressee whose name is specified above. Should you receive this message by mistake, we would be most grateful if you informed us that the message has been sent to you. In this case, we also ask that you delete this message from your mailbox, and do not forward it or any part of it to anyone else. Thank you for your cooperation and understanding.

    All rights Reserved@ANGİAD 2020"

    remove

  • April 3, 2020 at 11:52 AM by an anonymous user from: Buffalo, New York, United States

    https://covid19relief.sba.gov/#/ -

    is this address a scam?

    remove

    • May 19, 2020 at 3:00 AM by an anonymous user from: Los Angeles, California, United States

      Sounds like a scam. I also got a suspicious email from them.

      remove

    • April 3, 2020 at 12:01 PM by info

      No, it is legit.

      remove

      • May 19, 2020 at 3:00 AM by an anonymous user from: Los Angeles, California, United States

        How do you know? Perhaps you are just one of the scammers!

        remove

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COVID 19 Relief SBA Gov Scam