NewsRegion S Palm Beach CountyDelray Beach


Scammers targeting small businesses by submitting fraudulent loan information

Website allows public to seek if business applied for loans
Small Business Coronavirus Bailout Scam
Posted at 1:51 PM, Feb 02, 2021
and last updated 2021-02-02 18:37:01-05

DELRAY BEACH, Fla. — The Delray Beach Police Department wants the public to beware of a scam targeting small businesses.

In a post on Facebook, police said scammers are submitting fraudulent Economic Injury Disaster and Paycheck Protection Program loan applications, using the name of real businesses and then cashing the checks.

This is leaving the small business owner in debt they are unaware of.

Police advise business owners to visit the COVID Bailout Tracker website to determine if their information was used to apply or receive these loans.

They can then report them to the Small Business Administration, complete fraud affidavits and have the loans frozen.