PPP ran out of funding today
Looks like no one expected this not even at the White House and it’s incredibly depressing. since there where more than 1.5m eligible small business owners who applied through the same site I applied with (Womply) are not yet approved, such a slow process and how did the funds run out?
Big Business bailouts
More than 980,000 businesses have received a PPP through them, but thousands still wait for approval or funds.
Then you come upon shit like this...
What they say about the situation...
A former North Shore pizzeria owner was arrested Tuesday for allegedly obtaining more than $660,000 in Paycheck Protection Program loan funds and using that money for personal expenses, including buying an alpaca farm in Vermont.
$660,000 No chump change here.
What a GEM
"After receiving the PPP loan of more than $660,000, authorities allege McIntyre sold the pizzeria and used nearly all the funds for personal expenses, including buying and upgrading a farm in Vermont, as well as purchasing several alpacas, at least two vehicles, and weekly airtime for a cryptocurrency-themed radio show."
Hey at least he used Cryptocurrency right? So contact President Biden, the SBA, your Senators, and your Representative to tell them you want more PPP funding.
If they don’t hear directly from small businesses, independent contractors, and sole proprietors, they will screw all small business alike... What a disaster … why close the darn economy when you "make" others shut shop too, and lose $$ what a shame.
Justice maybe?
Dana L. McIntyre, 57, of Grafton, Vt. and previously of Beverly and Essex, Mass., was arraigned virtually in Boston federal court on charges of wire fraud and money laundering, according to the United States Attorney’s Office for the District of Massachusetts.
Nah!
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So he obtained $660,000 and used it for personal expenses.
People like him are the reason that people in need are being denied of funds. How are they going to recover the funds he had already spent ?
Shame