The clip highlights a concerning issue where individuals are receiving letters urging them to start repaying loans they never applied for or received. It emphasizes the importance of not disregarding these notices, especially for those who are certain they never sought such financial aid, including non-business owners. The recommended course of action involves visiting SBA.gov/fraud to report the incident and follow the outlined procedure. The discussion also touches on the emotional toll this situation takes on affected individuals and reassures listeners that the SBA is actively reaching out, including through robocalls, to inform people about loan forgiveness applications, indicating the agency's efforts to combat and clarify situations of potential fraud.
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Resources/Links from this Episode
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SBA.gov/fraud
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*The Business Breakthrough | NY* Podcast is produced by the NY Small Business Development Center (SBDC) at Farmingdale State College.
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Disclaimer
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Books, materials, and other products discussed in this episode are not sponsors of this show and are not explicitly endorsed by any Small Business Development Center. They are the recommendations & experiences of the individuals on the episode. Please note that some of the links on this site are affiliate links, and at no additional cost to you, we will earn a commission if you decide to make a purchase after clicking through the link.
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