Attorney General James Takes Action to Protect Small Businesses Impacted by Coronavirus

Posted to Applied Web NY on Thu, 04/16/2020 - 10:40

NEW YORK – New York Attorney General Letitia James today took action to protect and support small businesses that have been impacted by coronavirus disease 2019 (COVID-19) and are in need of financial aid. Attorney General James issued guidance to help small businesses obtain loans through the federal government’s Paycheck Protection Program (PPP) and also provided warnings and tips to protect small businesses from lenders and agents fraudulently and deceptively marketing these loans. The Attorney General’s Office also announced the issuance of a cease and desist order to one such company, “SBA.com” for deceptive marketing and business practices related to the issuance of PPP loans.

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