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re: Is there a new PPP hustle going around?

Posted on 5/26/21 at 7:32 am to
Posted by Warfarer
Dothan, AL
Member since May 2010
12144 posts
Posted on 5/26/21 at 7:32 am to
What is amazing is that for us to get a PPP loan on the initial round, we had to provide proof of income for 2 years I think, where all the money went, statements of wages paid so they could average them. It took us a couple days to get everything together and filled out for a legitimate PPP loan.

I have heard from several of my employees the past few months that they have buddies that were getting 10-20k loans on bullshite and I have no idea how when I had to go back a year or two and fill out tons of paperwork. Then we weren't allowed to pay the owner of the company (us) using those funds or they might not have been forgiven.
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