SBA News Release
 
March 29, 2010 Dennis Byrne  (202) 205-6567
10-09 http://www.sba.gov/news
 SBA Warns Small Businesses of Fraudulent Attempts
Offering to Help Them Secure SBA Loans
WASHINGTON – The U.S. Small Business Administration (SBA) is warning small businesses to use caution if they are contacted by firms offering to help them apply for funds available through SBA programs.
SBA and SBA’s Office of the Inspector General (SBA OIG) have received several complaints from small businesses about abusive marketing practices, scams, and exorbitant fees charged by firms offering to help them obtain a loan, grant, or other federal funds, from SBA.

Some of these complaints include:
When electing to use a third party to apply for SBA funding programs, small businesses should also bear in mind:
They can also get assistance from Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and SCORE Chapters, either free or for a reasonable fee. Location and contact information for the centers can be found on SBA’s Web site. (www.spa.gov)
 
SBA’s Office of the Inspector General will investigate and respond to all complaints.  SBA encourages anyone with knowledge of a misrepresentation regarding SBA Business Loan Programs, or any other SBA program, to contact SBA OIG by calling the OIG Hotline toll-free at (800) 767-0385, or submitting an online report at the SBA OIG Web page (www.sba.gov/ig), and click the link for “Report Fraud Waste or Abuse.” 
 
SBA District Office, the SBA Answer Desk at 1-800-U-ASK-SBA
(1-800-827-5722) or e-mail [email protected]