Business Owners Beware Paycheck Protection Program Loan Scam
b'Business Owners Beware: PPP Loan Scams are in Spring BloomScammers are out in full force this spring after your paycheck protection program dollars offered by the you as a small business Association. If you remember my show from two weeks ago we discussed how to go about applying for the Paycheck Protection Program and the Economic Injury Disaster Loan and the strategy to use to maximize the highest award from both programs. As if it\'s not bad enough that were suffering economically from this crazy pandemic now the FTC has announced it has filed a cased against a company that is claiming to offer the Paycheck Protection Program loans but in reality they\'re not affiliated with SBA and they\'ve been deceiving thousands of business owners.\\xa0Scammers have been getting distraught business owners and individuals to turn over sensitive corporate information like business tax ID numbers, individual social security numbers, financials, bank account information, things that the SBA does not require with the initial online application.According to the FTC, Ponte Investments LLC marketing their loan program calling it the, "SBA loan program" and they were capturing business owners data from a website of'