Watch out for scams targeting small businesses during COVID-19 crisis

CHARLOTTE, N.C. — Officials have a new warning for all small business owners as scammers are reportedly sending out fake offers to receive assistance from the Small Business Administration.

In one example, business owners receive an email with an application from someone claiming to represent the SBA.

Once the application is received the business owner receives an approval and request to pay a processing fee that can be thousands of dollars. Experts say real government assistance never requires a processing fee in advance.

Relief to small businesses is generally only available in the form of loans.

Small business owners can apply for two federal loans as part of the government’s stimulus package.

>> We’ll bring you LIVE updates on Channel 9 Eyewitness News. Get extended coverage on the free WSOC Now app on Roku, Amazon Fire and Apple TV.

The first is the Economic Injury and Disaster Loan. It offers up to $2 million to help with payroll and other day-to-day expenses.

The Paycheck Protection Program offers up to $10 million. That money can be used to rehire employees or pay those who continue to work through June 30.

Two CMPD officers test positive for coronavirus, department says Two CMPD officers test positive for coronavirus, department says

© 2020 Cox Media Group