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Home Business Loans

Man who sold business years ago finds COVID relief loan in his name

by Editor
June 7, 2021
in Business Loans, Videos
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Man who sold business years ago finds COVID relief loan in his name
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ST. LOUIS – Paul Gileski by no means knew something was incorrect till he checked his credit score.

“I first noticed this, in August,” he stated. “I saw the report.”

He made quite a lot of calls however nobody would reply. Nothing made sense till he bought a name again.

“I tried to contact the SBA numerous times, couldn’t get through,” he stated. “I get a call from the lady who ran accounts payable from my former company and said ‘Hey, there’s a loan here for you from the SBA.’ And I said, ‘Wait a minute, what loan? I don’t have a loan.’”

No loan and no firm, both. He sold his small business years ago. Someone used his name and knowledge to file for a small business COVID relief loan.

“I absolutely wonder because they had to open up a checking account at a bank in my name, as well, in order to get the money out of the SBA,” Gileski stated. “So not only did they get the loan fraudulently, they took out a checking account in my name.”

Even although he didn’t apply, he was caught with the invoice — an enormous one.

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