Guidance Regarding Identification and Reporting of Suspicious Activity in the COVID-19 EIDL Loan Program

The purpose of this Notice is to provide a brief overview of COVID-19 assistance available under SBA’s Economic Injury Disaster Loan (EIDL) Program, including both advances (grants) and direct loans, and to alert depository financial institutions to the potential for suspicious activity related to COVID-19 EIDL funds deposited into business or personal accounts. This Notice also provides points of contact at SBA for depository financial institutions to report suspicious activity in the COVID-19 EIDL loan program.