What can I use PPP funds for?
PPP loan proceeds can only be used to cover a few specific types of business expenses, including payroll costs, interests on mortgages, rent and lease payments, and utilities. Read More FAQ's
PPP loan proceeds can only be used to cover a few specific types of business expenses, including payroll costs, interests on mortgages, rent and lease payments, and utilities. Read More FAQ's
In applying to have your PPP loan forgiven, you must certify that the documentation you have provided is true and correct and that the loan amount for which you are seeking forgiveness was used to retain employees and make payments for eligible business expenses. If your loan forgiveness application includes any bad-faith certifications, you
PPP loan fraud is any attempt to defraud the Paycheck Protection Program. There are three main ways to commit PPP loan fraud: By misrepresenting information on your loan application in order to fraudulently obtain PPP funds, By misusing PPP loan funds (i.e. using the funds for unauthorized purposes), or By fraudulently requesting forgiveness of
With billions of dollars at stake in the Paycheck Protection Program, the Department of Justice has vowed to aggressively investigate and prosecute cases of PPP loan fraud. If you believe you may be the target of a PPP fraud investigation, you could end up facing charges for federal bank fraud, wire fraud, identity theft,