fbp
Be Aware of SBA Loan Scammers

Written by Rob Stott

April 7, 2020

With small businesses financially vulnerable right now — and as the U.S. Small Business Administration is sorting its way through applications for the Paycheck Protection Program — the time is ripe for scam artists and email phishing attacks to start hitting business owners’ inboxes. Nationwide members have alerted us to a number of these instances, and we wanted to bring it to your attention. Below is an example of an email sent to a retailer, purporting to be from the SBA. But look a little closer, and notice some of the inconsistencies and other signs that clearly point to this being a fake. Scroll down a little further and you’ll see our “solution” to this riddle.

Before jumping into the emails themselves, here are a couple of good rules of thumb should you find one of these in your inbox:

  1. DO NOT, under any circumstances, click on any links or download any attachments in the email
  2. Do not provide sensitive personal information (like usernames and passwords) over email. Ever.
  3. Mark the email as spam or junk to increase the likelihood that it is filtered out of your inbox in the future
  4. Delete the email
  5. Report the email to a supervisor, a superior, or — in this instance — pass it along to the SBA so they are aware of the phishing attempt
  6. If the sender is listed as a colleague or coworker, notify them of the attempt
  7. Some email clients (Outlook, Gmail, Apple) will allow you to report the phishing attempt to them directly so they can flag the sender

Now, on to the fun stuff.

What’s Wrong With This Picture?

 

Let Us Show You…

Connect With Us!

More Podcasts

159: EPA’s Dan Cronin Talks Earth Day, ENERGY STAR and More

159: EPA’s Dan Cronin Talks Earth Day, ENERGY STAR and More

Ahead of Earth Day 2023, we sat down with Dan Cronin, program manager for ENERGY STAR at the Environmental Protection Agency (EPA) to talk about the program’s impact, the Inflation Reduction Act and much more.

158: Getting Seriously Small Town with Sorenson’s Appliance & TV

158: Getting Seriously Small Town with Sorenson’s Appliance & TV

Geneva, Minnesota is town of just over 500 residents, and it also happens to be the home of Nationwide Marketing Group Member Sorenson’s Appliance & TV. Co-owner Dak Sorenson and his team have found success by leaning heavily into that small-town mindset in every aspect of the business.

157: Independent Retail Through the Eyes of a Nationwide Member Support Manager

157: Independent Retail Through the Eyes of a Nationwide Member Support Manager

Brett Kelley joined the Nationwide Marketing Group team roughly one year ago as a Member Support Manager — the team that sits on the front lines of the independent retail channel, engaging with our Members and helping them thrive on their own terms. As such, he (and the full MSM team) has a very unique perspective into what life is like as an independent retailer. We tap into that experience and more.