Warning to small businesses applying for COVID-19 loans
By
EDELMAN COMBS LATTURNER & GOODWIN, LLC
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It has been reported that online lenders who have not been authorized to participate in the SBA emergency loan program are soliciting applications from small businesses.
If you are applying for an emergency loan, make sure that the lender is in fact authorized to participate in the loan program and that you are applying for an SBA loan, not some other sort of far more expensive financing.