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News / Clark County News

SBA warns small firms to be wary of loan scams

The Columbian
Published: March 31, 2010, 12:00am

The U.S. Small Business Administration is warning small businesses to use caution if they are contacted by firms offering to help them apply for funds available through SBA programs.

SBA has received several complaints from small businesses about abusive marketing practices, scams and exorbitant fees charged by firms offering to help them obtain a loan, grant or other federal funds from SBA.

Small businesses can get free assistance in person, by calling one of SBA’s 68 district offices or at http://www.sba.gov. They can also get assistance from Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and SCORE Chapters.

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