WARNING: FTC Files Case Against SBA Loan Program (owned and operated by John C. Ponte)
Here’s what the FTC complaint summary states:
“The FTC’s complaint alleges that Ponte Investments, LLC, also doing business as SBA Loan Program and SBA Loan Program.com, and its owner John C. Ponte, have been falsely claiming to be affiliated with the U.S. Small Business Administration (SBA) and marketing themselves to small businesses as an approved lender under SBA’s Paycheck Protection Program (PPP). The PPP is a program authorized as part of the Coronavirus debt relief Aid, Relief, and Economic Security Act (CARES Act). According to the FTC, the defendants are neither affiliated with the SBA in any way, nor are they an SBA-authorized lender.”
The owner of the company responded to the complaint claiming zero loans were offered and this was just an error in their marketing department resulting in advertising getting published too soon, as they were waiting to get approved to offer the PPP loan program. Having said that, there should be no excuse for advertising this misleading information on their website when indeed they are not affiliated with the PPP program. We are not the judge here at TrustedCompanyReviews.com, we can only report on the facts.
Are you searching for a low-interest loan to fund your small business?
Need assistance with a Merchant Cash Advance?
Drowning in high-interest debt?
Consider the SBA Loan Program – a Division of Ponte Investments, LLC
Whether you need money to increase cash flow, pay off business debt, or invest in growth for your small business, the SBA Loan Program is one of the most reputable solutions on the market for 2020. The SBA Loan Program helps business owners overcome debt, acquire working capital and navigate even the most challenging of times.
SBA Loan Program Benefits
As an SBA Loan Program client, you benefit from:
Quick turnaround time: They specialize in loans from $50k-350k.
Their team of industry experts understand the Section 7a Advantage Loans better than most and work tirelessly to close your loan as fast as possible.
How fast can loans get funded?
Funding in as little as 7 days: Well qualified buyers can take advantage of the Express Score and Go™ program, the only program of its kind in the industry.
Ponte Investments LLC has an exclusive partnership with an SBA preferred lending partner, giving you the guarantee of an SBA backed loan.