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One Hunnerd Forgiven SBA Loans.
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Just wanted to bump this to say that after a very long delay, my loan was funded yesterday and the money deposited into my account.
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Did anyone go through the forgiveness process?
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just did it for the second draw, all was forgiven
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Congress just released a report and the OP name appears numerous times with some pretty damning allegations.
https://coronavirus.house.gov/news/press-releases/clyburn-fintech-fraud-ppp-doj-sba |
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-- Blueacorn Took Only Minimal Steps to Prevent Fraud in Its Facilitation of Billions of Dollars in PPP Loans, While Abusing the Program to Enrich Its Owners Fintech Blueacorn received over $1 billion in taxpayer-funded processing fees but spent little on fraud prevention and eligibility verification. Blueacorn transferred nearly $300 million in profits to its owners while only spending $8.6 million—less than one percent of the fees it received for its PPP work—on its fraud prevention program. Blueacorn also gave approximately $666 million to a marketing firm controlled by members of its senior leadership—almost 50 times more than the $13.7 million the fintech spent on eligibility verification to detect fraud. Blueacorn had only “one direct employee who assisted with processing PPP loan applications” for the 1.7 million loans it reviewed. |
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get a real job |
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