Business

SBA warns of fraudulent letters

The U.S. Small Business Administration issued a scam alert Thursday warning small businesses about letters claiming to have been sent by the SBA.

Small businesses should not respond to the letters asking for bank account information in order to qualify them for federal tax rebates, according to a news release.

The fraudulent letters were sent out with what appears to be an SBA letterhead to small businesses across the country, advising recipients that they may be eligible for a tax rebate under the Economic Stimulus Act, and that SBA is assessing their eligibility for such a rebate, the release stated. The letter asks the small business to provide the name of its bank and account number.

These letters have not been sent by or authorized by the SBA, and all small businesses are strongly advised not to respond to them.

The SBA is working with the SBA Office of Inspector General to investigate this matter. Anyone who receives such a letter should report it to the OIG Fraud Line at (800) 767-0385, or e-mail at OIGHotline@sba.gov.

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