re: Second Round PPP Loan through Capital One

Do these companies have to submit information showing where this money goes ?

I personally know a couple who owns an oilfield service company, most of their employees are family and work as contract workers. They work when there's work.

They took out 500k+ the first round and have since taken 4 vacations, bought a 100k truck and a new home.

seems a little suspicious to say the least