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re: Is there a new PPP hustle going around?
Posted on 5/24/21 at 11:09 am to Bazzatcha
Posted on 5/24/21 at 11:09 am to Bazzatcha
quote:
He said a lot of people around his area have been getting them lately after meeting with a CPA setting them up as a sole proprietor barber or farmer and that they are getting 20k and it would be forgiven if they pay themselves.
If they weren't in business in 2019 or 2020 then it's fraud.
4
Posted on 5/24/21 at 11:11 am to lsufan1971
quote:
If they weren't in business in 2019 or 2020 then it's fraud.
Like that will matter.
Posted on 5/24/21 at 11:12 am to lsufan1971
quote:
If they weren't in business in 2019 or 2020 then it's fraud.
Is it fraud if the government is encouraging the practice?
Posted on 5/24/21 at 11:19 am to lsufan1971
quote:
If they weren't in business in 2019 or 2020 then it's fraud.
If you existed in 2019 and 2020, you're a sole proprietership.
As far as CDFI PPP is, that is.
Posted on 5/24/21 at 4:05 pm to lsufan1971
Do a quick search of your area code, or town and look at the names you might recognize. I live in an upper middle class neighborhood, with homes in the $275k and up range, and we still have 5+ people who absolutely don't have a business who received around 20k a piece. The state of Louisiana has given more money through PPP loans then states with 10x the residents we have, and I honestly doubt that this current administration does anything about it.
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