PPP and HHS Loans

PPP and HHS Loans

PPP Loans Scam Alert

In early December, the SBA released the name, address and dollar amount of PPP borrowers, pursuant to a court order. The American Bankers Association is reporting that they have been informed of third-party companies reaching out to these borrowers, attempting to solicit business, and at times falsely implying that they are affiliated with either the SBA or with the bank from which the loan was obtained. Be cautious if you receive a call from anyone claiming to be an SBA representative or a representative of a bank, and alert your staff to do the same.


Provider Relief Fund Grants

If you applied for a Provider Relief Fund grant from the HHS and received one much larger than you were expecting, then you are not alone. We have heard several reports of this happening. According to the FAQs on hhs.gov, “if a provider receives a payment that is greater than expected and believes the payment was made in error, the provider should contact the Provider Support Line at (866) 569-3522 and seek clarification.” You can also visit the entire FAQs page at https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/faqs/provider-relief-fund-general-info/index.html.