Skip to Content
AP National Business

4 ways businesses can dodge loan scams and predatory lenders

KVIA
By
Published 5:00 AM

By RANDA KRISS of NerdWallet

Scammers and predatory lenders continue to try to take advantage of small businesses searching for COVID-19 recovery funding — especially with the end of the Paycheck Protection Program. To protect themselves from potential bad actors, business owners should watch out for financing sold exclusively on speed, as well as any lender that asks for money upfront to apply for a loan. Small businesses also should be wary of phishing attempts from scammers posing as the SBA or other government agencies. Working with free business advisory resources like SCORE can help make the search for financing easier.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content