This one hits close to home for us! A man in Austin, where our HQ is located, was arrested for allegedly defrauding the small business loan program of more than $2 million. He bought a boat and a Rolls Royce. https://t.co/cMWncZQYkO
— The ACFE (@TheACFE) June 19, 2020
Washington’s massive small business rescue is ending after delivering more than half a trillion dollars to millions of employers. Now, everyone from key lawmakers to the Federal Reserve says it may not be enough.https://t.co/3fFm06dLoA
— Khashoggi’s Ghost (@UROCKlive1) June 19, 2020
The PPP is ending and small businesses are still fighting for survival. PPP 2.0 is shaping up as one of the biggest debates Congress faces in the next phase of coronavirus relief https://t.co/v9bmgjPjlh
— Zachary Warmbrodt (@Zachary) June 19, 2020
Please stop calling these loans. They are grants to businesses.
— Aaron Klein (@Aarondklein) June 19, 2020
Business know this.
More than half of businesses who got the money think they'll keep all or almost all of it.
Only 2% of companies who got #PPP $$$ plan on paying back <50%.https://t.co/X7m4K3ycNI
Wait. We can get a SECOND PPP loan?https://t.co/pIMXlX1NVq
— Gene Marks (@genemarks) June 19, 2020
Austin man arrested for allegedly defrauding SBA out of millions. https://t.co/3Nc4gymQMr
— Jesse Elin B. (@effiedog) June 20, 2020