If someone files for the SBA covid disaster loan but they are not a business owner and they get money, what will happen?
It wasn’t me and what are the chances of them even getting caught
- 4 weeks ago
But not in the same sense many people would think.
To every crime there is a punishment.
- JohnLv 74 weeks ago
I got PUA legitimately through unemployment. The loan program is PPP. That goes through a bank and the process is analyzed just like any other loan. Surely some people have gotten through fraudulently. I doubt a meaningful percentage have. I looked into THAT too but I did't want to go into debt - and I didn't want to go through the detailed application process.
PPP is a loan and must be repaid, anyway. If you use the money to pay business expenses and especially employee wages then it can be forgiven. But those things must be documented in detail.
- IsabelLv 44 weeks ago
I think that’s fraud.
- A HunchLv 74 weeks ago
I don't know what you mean "not a business"? Independent contractors which are a business but some people don't know that are eligible.Like people who do uber, doordash, etc are all eligible.
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- Elaine MLv 74 weeks ago
It's fraud, they will be held legally responsible.
- EvaLv 74 weeks ago
They have to submit paperwork and tax returns when they apply to prove they have a business. They wouldn't get the loan otherwise.