4 ways to avoid credit scams and predatory lenders

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Scammers and predatory lenders continue to try to take advantage of small businesses seeking funds to recover from COVID-19, especially with the end of the payroll protection program. To protect themselves from potential intruders, business owners should keep an eye out for funding sold exclusively at speed, as well as with any lender that asks for money in advance to apply for a loan. Small businesses should also be wary of phishing attempts by scammers posing as the SBA or other government agencies. Working with free business advisory resources like SCORE can make finding funding easier.

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