PPP and EIDL Loan Scams - Avoid these tactics!

Some of you may be participating in fraudulent activity or being directly SCAMMED by criminals taking advantage of the stimulus programs.

Instagram and Telegram/What’s App “Hackers” are helping people apply for a loan and asking for percentages of the loan in return. If anyone is trying to get you to do this, RUN FAR AWAY! These "ppp hacks" and "eidl hacks" are likely going to get you as a legitimate business owner in trouble!

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Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

[thedesmondlavelle]

I received a email from a finance company. How can you tell if they are legitimate

[TheUPLV]

Signed agreement with a bank in PA that they take 9.89% of EIDL then I learned that they are not allowed to take more then 2% of my loan. Also, I am waiting for funds to be dispersed so I don't want to rock the boat, by filing a complaint, before our loan is dispersed. What do I do?

[germanalvarez]

If you get a phone call you can ask for the agents Id number, name and phone number and you can also verify your loan number and Aplicacion number ..thanks Hanna great info as always.

[coronadaking]

They are also charging people to help get the loan. I called the company, and the first thing the lady ask me for was my debt number. She was charging $1500. I did not fall for that scam. Thanks for sharing great information.

[ibro]

Hi hannah! I had someone call me with an unknown number claiming to be from blueacorn asking me to confirm my name and last 4 social. I told him my name and address, but not my last 4 digits. He told me he just wanna confirm if I was the one who applied or someone helped me blah blah? What’s their name and address? I am a little worried, I called blue acorn and they told me they did not call me. Could that be the feds?? I swear to you the caller does not sound like a foreigner if you know what I mean.

[bryantthe]

They’re equivalent to people calling me to upgrade my car insurance

[jennellmathis]

If your loan is forgiven do you have to pay it back

[bryantthe]

Yoooo they’re so annoying Jesus Christ 😂😂😂😂😂

[edward_lee]

Yea, we've had unsolicited calls to "help us" sign up for PPP and PPP2. Thanks for the SBA scams link, definitely keeping that handy.

[statwizard]

I am so, so glad you mentioned this in your video. I have seen several post on my comments on your previous videos to call a WhatsApp number. I knew it was a scam, but others perhaps not so much. So thank you for pointing this out, and also removing it from your channel. 👍👍

[drhollyatucker]

Thanks Hannah! These are so helpful as I work with my clients who have these funds.