Sounds like your caller has mixed up his spiel here. Most of these calls are coming from India and Pakistan. They run several scams, grants, advance fee loans IRS and medical.
This one actually smacks of grant scam, the loan does not seem to fit on this.
To report the fraud, go here:
http://www.grants.gov/web/grants/support/general-support/grant-fraud.html
Their number is listed , along with an email address, at the top of the page.
Also here:
http://www.consumer.ftc.gov/articles/0113-government-grant-scams
http://www.usa.gov/
To file complaints on Foreign company's and scams:
http://800notes.com/forum/ta-d20d86fdc3e145c/reporting-international-scams
https://www.econsumer.gov/#crnt
eConsumer.gov: Report Your Complaint
E-mail:
[email protected]
http://www.stopfraud.gov/report.html
http://www.fraud.org/