EIDL Grant and Loan Fraud Festival

It is crazy the amount of loan fraud that has been perpetrated in the PPP and EIDL Programs. It is great that justice is coming to these bad actors. The stories are rampant.

We do have some good representatives that are looking out for the small business person. One in particular is Katie Porter (D) from the 45th District. She is fed up with story time from the SBA. #EIDLGrant #SBA #KatiePorter #iAllegedly

Here is Representatives Porter’s website.


I believe that she is the right person to have on our side to get help for all small business people in America.

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All the best
Dan
iAllegedly

[ChinaMayback]

I hate it when people say that the jail system doesn’t have enough space to send people to jail

[MNInvestments]

Min 10 years in prision should be the penality and stated big bold bletters on top of loan application

[helpworkingamericans]

A CPA FIRM had over 500 employees, they fired 50 people )to keep it under 500 )so they can apply for the Approve Small business Government loan. 2% interest or may turn into loan forgiveness if they play by the rules. They received the approve loan from the bank and told their employees the have the loan but didn't need to use it ..They said no raises just in case they may need it in the future. Small business with 500 employees are approved but the real small business that need the money will never receive it ..How can you say a company that has 500 employees with millions in the bank is small business. These banks approve the large companies but not the family own really small businesses.. The new law should only approve family owned small businesses that prove they dont have millions in the bank. What they hell is going on with these companies TAKING ADVANGES OF SYSTEM and they suck all the money they do not need and the family owned businesses the really need the money will never get it. They should be arrested for fraud...The banks should be fined approving these bullshit loans to companies that apply for these loans they do not need ..Our children are going to pay for all the fraud...Trump should order all the large Small businesses that took money they did not need give it back so Family Owned Small businesses can save their Businesses..

[geminibutterfly]

Go to Sbc. senate.gov click on "Feedback for Disaster Loan" and let them know. That the $10, 000 advance is needed.

Do this today 7/25/20 or tomorrow because GOP will give their statements as early as Monday 7/26/20

[NYmomAdrienne]

I was honest, I am my LLC’s only employee, got $1, 000, rejected a higher amount for a loan and only asked for $3, 200 to get through as NY was coming back. I am so angry right now. Still waiting. Scam artists are all paid, I did not want more debt and still processing.

[cryptocandyland]

Here in Colorado. Applied for EIDL the day it went live. About 4 weeks ago i was approved for $8888. After looking over the documents, i decided that it was not worth having to get permission from SBA to sell assets if needed. The interesting thing is, i called SBA 2 days ago because i never received the $1000 per employee grant (1 employee) as i was promised by several SBA representatives over the past months. They told me the program was out of money. I said what about the loan? They said, that is still available. So, i said "So if i pay interest on a loan, you have the money, but if i just want the promised $1000 EIDL Grant, the program is out of money?" They said "Yes, because they are 2 different programs." I don't know if they are trying to offset loan interest to make up for the grant money or what's going on, but clearly, they are trying to make money off people that are in the gutter by no fault of their own. Shady!!!

[kwaks]

Reached out to district state legislator and they emailed SBA. This is what they told her:

I am writing with a response that I received from the SBA regarding the status of your COVID-19 Rapid Intake Web Economic Injury Loan (EIDL) application advance. I appreciate the opportunity to be of assistance to you.

According to the SBA:

Mr. &$&$ received an EIDL advance of $1, 000. SBA COVID-19 EIDL applicants may request an advance calculated at $1, 000 per employee up to a maximum of $10, 000. There is no requirement to repay the advance even if the applicant’s SBA disaster loan is declined.

All funds for the EIDL Advance program have been allocated. By law, SBA is not able to issue new EIDL Advance approvals after all the program funds have been obligated. We are unable to make any further changes to your application that would affect your request to receive Advance funds. Please see the attached press release.

[michelleclark]

I pray we get the $10, 000. It should be illegal to do a bait and switch to needy people during a disaster like a Pandemic. It hurts even more. It is cruel.

[urbinblytte]

thank you Dan for amazing support.--as a small biz for most of my worklife its disheartening to see that the ONE time in many many years to get a break from the gov--that SBA/Jovita turns her and the SBA's back on us schmucks doing the right thing, always showing up and taking care of business. its pathetic that a time of epic crisis a gov bureaucrat can be so inept.

[graceestes]

I work at CCFW INC an Entertainment Production company in Chicago, IL. Every business is Chicago is not fraudulent and the SBA EIDL grant process is a joke. The people we have encountered are incompetent. We sent in all of the information which they requested in the application. Yet, we received a letter stating we received an advance which was never recieved. When asked why was there language in the denial letter in paragraph 2 suggesting an advance was sent but we never actually received the advance. No representative could answer where the funds went. This whole government shut down over this Plandemic has really negatively affected our organization and I am sure other business owners are feeling the crunch. I hope that this application process will improve, because this process is not only disappointing but hurtful.

[deesspecialtyshoppe]

I was denied the grant but was given a loan. I am one of those who did not check the box for the advance thinking I was agreeing to the loan. The SBA refused to check the box for me even though they have for so many others. I was denied reconsideration. And my Senator was unable to make any progress for me either. They said they have been unsuccessful in most cases which they found frustrating as they want to help their constituents. I even reached out to the Office of the National Ombudsman for the SBA and received crickets. This has been one big mess. The time I have wasted between phone calls and emails is crazy. And they complain about 50 calls a day? Geez. Love the channel!

[HiDollaHoney]

The sba ticks me off. They gave all this money to fraudsters but people with small business who actually have tax records and such got denied or being held up for small things that are easily reconcilable or easy to figure out

[c.coleman]

When I did telemarketing I would average 60-100 calls in a 4 hour shift. And Federal employees get a sh*tload for hourly pay!

[loritoler]

I waited 2 months and got nothing from them. I’m so disgusted. So many applied after I did and got help. I sent them info to prove I was a business and even my license and I was told tough s*** basically that they were out of money even though I applied months ago.

[illstateofmind]

I got clowned for not doing it. Everyone just yelled free bands. I'm like ok but knowing ppl are or might go to jail....I dont want the last laugh I'm from IL

[johnnyrfinley]

I am a sole prop who has just me- I had 100% of my income wiped out- I was paid by W2-received $1, 000 grant and now they are looking at everyone. I do not have an account because I only made around 20, 000 per year and that is with Social Security- how are those of us with legitimate claims supposed to handle this. I have approx $.94 in the bank.

[kryzsczarnecki]

I just received an EIDL EMAIL TO setup a password . so I go in and find that the email address is wrong. I contact them and they basically said after talking to two different people they would correct it so here we are a week later still waiting for the correction to set up my password with the correct email address . not really sure how they could send me an email but yet to set up the password the email is wrong

[kevinmorris]

Heads up!!! I have already received the AIDL loan over a month ago. However, Today I received a Call that said they had more paper work to complete the loan. I was directed to go to my portal or call a 800 number... Sounded real and if I hadn't already got it I might have acted... Everything I did getting the loan was through email... Anyone else get a call?

[PatricaKing]

My husband small side hustle got the loan but not the EIDL (?) His credit score is 680. Weird

[chicanasjourney]

Yet my small business asked for crumbs and was declined.