What Types of Small Business Loan Fraud Companies Exist and How is SBC Different for Small Businesses?

Small business loan fraud and all fraud hurts every small business. Small businesses can no longer consider fraud a normal cost of doing business, the stakes are too high. Data sharing acts as a powerful weapon against frauds such as:

-Advance Fee Loan Scams
-Internet
-Domain hijackings
-Telemarketing
-Fraud against the elderly
-Ebay
-Lottery scams
-Credit card fraud

-Bank  Account fraud

-Telephone
-Foreclosure
-Identity theft

Be wary of illicit advance-fee small business loan schemes.  Do not give any payment or credit card information to a company without first checking them out with the BBB, Chamber of Commerce, and other authorities.  Many fraudulent companies prey on consumers with poor credit histories. These consumers are particularly vulnerable because they have run out of options.  The Better Business Bureau warns consumers and small business owners to report companies who try to dissuade people from contacting a credit bureau directly, refuse to inform people of their legal rights for free, or seek upfront payment.

Strong Business Credit offers small business owners a guide for building financial stability, finding creative ways of financing and repairing their business credit. SBC knows how difficult it is to find money with bad credit, but it is out there.   Please contact us for more information about the Better Business Bureau (BBB), small business credit and small business loan fraud.