FTC Takes Action to Stop Company Posing as SBA Lender and Preying on Small Businesses

The Federal Trade Commission has charged a Rhode Island-based company and its owner with falsely claiming to be an approved lender for a federal coronavirus relief lending program and asked a federal court to immediately halt their misrepresentations. The FTC’s complaint alleges that Ponte Investments, LLC, also doing business as SBA Loan Program and SBA […]