On December 1, 2020, the SBA released detailed information about recipients of Paycheck Protection Program loans, Economic Injury Disaster Loans (EIDL) and Economic Injury Disaster Loan Advances. Unfortunately, when information like this is released publicly, there is often an increase in fraud attempts.
According to the SBA, some borrowers have received emails claiming to be from the SBA and threatening collection action against borrowers whom the email says failed to repay PPP loans by May 7, 2020. Some borrowers have also received emails asking for information under the pretext of a supposed “file review” by the SBA.
If you receive any email like this that does not come from an SBA.gov or firstrust.com address, the email is fraudulent.