Fraud Indicator Examples | SBA Fraud Detection

0:00 Fraud is distracting SBA's support for small business
0:10 SBA hasn't learned anything
0:23 OIG background and purpose
0:54 What is SBA's OIG doing?
1:20 SBA OIG patting themselves on the back
2:20 Focused on fraud but to what end
2:50 OIG's projection on fraud amount
3:25 Out of touch with standard practices
3:50 Fraud landscape with stats
4:10 Paltry percentage?
4:50 Remembering how dysfunctional SBA was during COVID
5:20 Fraud indicators - Hold Codes
5:35 When your file is flagged
5:55 SBA rep shares about hold codes and flags
6:24 IP addresses
6:39 incorrect EIN
6:46 Mistakes due to entries on mobile phones
7:05 Bank closes accounts
7:25 Defaulted PPP loans/Not forgiven
8:07 Sole Props without an EIN
8:28 Suspicious phone numbers and addresses
8:36 SAD BUT FUNNY ENDING

Download a Blueprint Sample UNTIL 9/30:

FREE EIDL Basics Outline:

COMMUNITY TAB for Natural Disaster ALERTS:

💥 WHO WE ARE

Trevor retired from Mortgage Banking in 2018. He brought the standards he developed in his mortgage financing career along with his customer service background with the once famous "Crazy Eddie" retail chain to assist business owners and entrepreneurs manage the day-to-day doldrums when it came to securing business financing before & during COVID.

In 2017, Linda Rey exited the insurance business and with Trevor, we launched Aurora Consulting, a Commercial Financing Brokerage to help entrepreneurs expand their enterprise with unique, cost effective business financing solutions.

When the pandemic hit, the business shut down as Lenders scrambled with the Paycheck Protection Program (PPP).

As true entrepreneurs do, Linda Rey and Trevor pivoted and sought to help business owners learn the fundamentals about business financing and how to apply for the SBA’s Economic Injury Disaster Loan (EIDL).

They had enough experience with how to apply for a business loan, so their knowledge helped to enlighten business owners who were navigating the very confusing EIDL process.

Aurora Consulting developed a national reputation assisting business owners all over the country and helped to secure over $70 million (that we know of) in disaster funding for small business owners.

Now we counsel when we can on our YouTube Channel to update business owners, applicants and borrowers how to secure business funding.

#EIDLFraud #SBAOIG #SBAEIDLFraud #EIDL #EIDLRepayment #PayEIDL #SBAPayment #PaySBA #SmallBusiness #COVIDEIDL #CAFSportal #paygov #NaturalDisaster #DisasterLoans #DisasterFinancing #BusinessFinancing #SBALoans #SBAEIDL #EIDLloans #SBAEIDLLoan #EIDLloanupdate #EIDLLoanIncrease #EIDLUpdate #SBALoans #businessloans