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.
Courtesy of Andy Z from the Private Forums