4 SBA Loan Fraud Penalties

As you know it is a federal offense, so federal penalties are charges for SBA loan fraud.

Fine & punishment both are charged if you committed mail & wire fraud. It means around 20 years in federal prison along with a fine.

The punishment also includes paying all the dues that the victim had to bear due to the fraud.

The securities fraud charges make it compulsory to experience imprisonment for 5 years every time the crime is committed depending on the total amount obtained as fraud.