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#eidl loan
brimarc-noel-llc · 1 year
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Investing in your business should never feel like a gamble. With BriMarc Noel LLC, you can trust that the funding you need for your business will be secure and reliable. Our Business loans make it easy to acquire the funds you need to make your business flourish. 
Get the funding you need today – it only takes an application to get started.
Contact us today to get started! (800) 452-8485   https://brimarcnoel2.com/
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sbizloan · 2 years
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What Do You Know About The Targeted EIDL Advance Grant Program For Small Business Loans?
What Do You Know About The Targeted EIDL Advance Grant Program For Small Business Loans?
This program tends to aid companies that have, in one way or the other, been affected by disasters or a crisis like the COVID-19 pandemic. This program covers the period or amount that should have been made if the said crisis did not hit. What Are The Criteria To Qualify For The Targeted EIDL Advance Loan Program? SBA notifies all qualified borrowers to give them the opportunity to apply for this…
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follow-up-news · 9 months
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More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years. The numbers issued Tuesday by the U.S. Small Business Administration inspector general are much greater than the office’s previous projections and underscore how vulnerable the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were to fraudsters, particularly during the early stages of the coronavirus pandemic. The inspector general’s report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.” The fraud estimate for the COVID-19 Economic Injury Disaster Loan program is more than $136 billion, which represents 33 percent of the total money spent on that program, according to the report. The Paycheck Protection fraud estimate is $64 billion, the inspector general said.
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bighermie · 1 year
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naturalrights-retard · 9 months
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What the hell is the US government doing with our tax dollars? We just heard that the Pentagon managed to misplace $600 billion in funds to Ukraine. They simply have no idea where $600 billion wandered off to and are not investigating. Now, a watchdog group revealed that over $200 billion in COVID-19 relief funds also went M.I.A.
We already knew paycheck protection funding was widely abused. But an inspector general from the US Small Business Administration now believes AT LEAST 17% of all COVID-EIDL and PPP funds were “disbursed to fraudulent actors.” Fraud estimates for COVID-19 Economic Injury Disaster Loans reached $136 billion, or 33% of the entire program. Then it is estimated that an additional $64 billion was stolen from Paycheck Protection Fraud.
Government agents deny mass fraud. They say that the recent report “contains serious flaws that significantly overestimate fraud and unintentionally mislead the public to believe that the work we did together had no significant impact in protecting against fraud.” The problem here is that this is the money of the American people. In less than two weeks, the US government just announced they lost nearly a trillion due to bad actors and/or accounting errors. We deserve a complete overhaul of government accounting and a thorough investigation into where these funds went. Chalking it up to an accounting error or being duped is not sufficient. They need to tell the people exactly how they are spending our money, especially since they continually ask for more each year while providing nothing in return.
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A federal judge on Thursday ordered the Small Business Administration to release details on coronavirus pandemic-related loans that would disclose information on businesses that benefited from $717 billion in federally backed borrowings.
The judge ordered the agency to disclose all the names, addresses and precise loan amounts issued through the Paycheck Protection Program and Emergency Injury Disaster Loan program. The decision comes after a lawsuit was filed by a dozen news organizations, charging that the agency was not fulfilling its obligations under the Freedom of Information Act.
The SBA had previously released only summarized and anonymized data for PPP loans under $150,000 — which account for about 4.5 million of the 5.2 million in total loans made — claiming they would violate borrowers’ privacy by revealing the size of their payroll.
When the SBA denied the FOIA requests by news agencies, it argued that releasing government loan information would reveal business and personal information that should be kept private.
Federal Judge James Boasberg rejected those claims, saying in his ruling that, “the significant public interest in shedding light on SBA’s administration of the PPP and EIDL program dramatically outweighs any limited private interest in nondisclosure.” The judge discounted the SBA’s claim that the size of a loan would reveal a company’s payroll, calling the assertion “fundamentally flawed.”
He noted “the PPP loan application expressly notified potential borrowers — admittedly in a form disclaimer — that their names and loan amounts would be ’automatically released’ upon a FOIA request,” and criticized the agency for offering “a series of arguments that essentially all reduce to the unavailing contention that the agency did not mean what the loan-application forms actually said.”
The SBA had no comment, agency spokesperson Jim Billimoria said in an email to NBC News. The Justice Department, representing the agency in the lawsuit, did not reply to requests for comment and whether the Trump administration plans to appeal the ruling.
“In response to the unprecedented challenges faced by small businesses this year, the Trump administration provided more than three-quarters of a trillion dollars in financial assistance to support impacted small businesses," SBA Administrator Jovita Carranza said in a recent release. "SBA lending data further reflects the extraordinary commitment this administration has made to supporting entrepreneurs in underserved communities.”
Nearly 30 percent of the PPP loans were made in low-and moderate-income communities and over 15 percent were approved for rural communities, according to the agency.
Government watchdog groups welcomed the release and pledged to begin scrutinizing the data once released.
“From the beginning, the Trump administration did everything in its power to hide the recipients of PPP loans,” Jeremey Funk, spokesman for Accountable.us, a progressive government watchdog group, told NBC News in an email. “As soon as the administration abides by the court order and releases all data, we will scour it to see whether more Trump administration officials and family members — and other well-connected folks — than previously known received the loans.”
The data was released following a FOIA request filed by 11 news organizations, including NBC News, The Washington Post and The New York Times, and was consolidated with a separate lawsuit filed by the Center for Public Integrity, a DC-based investigative journalism nonprofit.
News organizations had mined the limited data released in July to reveal loans given to those connected with the Trump administration and how Black-owned businesses appeared to have greater difficulty getting SBA aid.
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theendnews · 6 months
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SoCal Doctor Charged With Stealing $150 Million From Federal COVID Program
A doctor from Southern California was accused of stealing $150 million from the Federal Covid Program. It is suspected that Newport Coast resident Anthony Hao Dinh, 64, misappropriated the funds by submitting fictitious claims for payment through the Covid Uninsured Program. His purportedly false assertions covered the period from July 2020 through March 2021.
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If a patient received the COVID vaccination, underwent testing and treatment for the virus, and lacked insurance, clinicians may file claims for payment to the Department of Health and Human Services.
According to KTLA 5:
An Orange County doctor was charged with stealing around $150 million from a federal program providing COVID-19 health services to uninsured patients. Anthony Hao Dinh, 64, from Newport Coast operated clinics in Westminster and Garden Grove. He is a licensed doctor of osteopathy who was an ear, nose and throat specialist, as well as a facial plastic surgeon, according to the U.S. Attorney’s Office. Dinh allegedly stole millions of dollars by submitting claims for reimbursement under the Health Resources and Services Administration’s COVID-19 Uninsured Program. The U.S. Department of Health and Human Services provides claims reimbursement to healthcare providers for testing, treating or administering vaccines to uninsured patients for COVID. From July 2020 to March 2021, Dinh allegedly submitted false claims for treating patients who were already insured, services not actually rendered, and services that were not medically necessary, officials said. “As a result of these false and fraudulent claims, HRSA made payments to defendant Dinh, through [his medical] practices, in the approximate amount of $150 million,” according to court documents.
The HRSA COVID-19 Uninsured Program is the subject of the “largest fraud scheme in the nation” according to officials, according to KTLA.
Additionally, he was charged with making fake loan applications totaling $8 million, of which the doctor received $2.8 million.
He is accused of money laundering, wire fraud, and obstructing the legal system. He was granted freedom on a $7 million bail, and at the end of October, the US District Court in Santa Ana, California, will have an arraignment hearing.
If the sentences are served consecutively, he may spend a total of 50 years behind bars if found guilty of all counts.
In a recent post on X, former EcoHealth Alliance scientist Andrew Huff revealed how the CIA Front EcoHealth Alliance was involved in the creation of coronavirus.
According to the Department of Justice, five current or former IRS workers in Tennessee and Mississippi unlawfully obtained thousands of dollars in COVID relief monies to support opulent lives.
In an effort to get more than $1 million in funding, the five defendants reportedly filed phony loan applications to the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Program.
According to court records, they subsequently utilized the loan money to support their luxurious lives, which included purchasing brand-new automobiles, high-end products, and personal vacations, including ones to Las Vegas.
“The IRS employees charged in these cases allegedly abused the trust placed in them by the public,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. “The Criminal Division is committed to safeguarding that public trust and protecting pandemic relief programs for the American people.”
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realfinserv · 8 months
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Different Types Of Business Loan Provider In Jaipur
Businesses can always turn to loans when they are in need of financial assistance. Many businesses, especially business loan in Jodhpur both short-term and long-term for meeting their business needs due to the lack of funds. However, there are always other risks involved when running a business. One of the concerning potbelly that are business can face is disaster. In such a case, business can suffer from huge losses and eventually run out of funds to meet the business demands. This is why small business administration disaster loans can be helpful to offer immediate funds to the businesses that have suffered a disaster.
With the structure of the business line of credit, it is much more sense to use it for your short-term needs like marketing campaigns and payrolls. In addition, it will be beneficial to you if you use it in combination with other loans. 
Features to be noted:
Before finalizing any random financing company make sure that they have the following qualities
Pretty good experience
Minimum loan processing time
Flexible payments
Customer-friendly services
Integrity 
Low interest 
Various business loans
While choosing a financial company to support you with their services, make sure that you selected the right one. Loans for small as well as large enterprises are available and no matter whether you are getting the services to set up a small farm or a huge company there will be loans and make sure that you get it from the best financing company. All the best with your future successes. Get the business loan provider in jaipur and use them smartly with proper plans and strategies and do pay back the amounts on time for maintaining better credit score.
Economic injury disaster loan
These loans are the basic type of federal assistance to the businesses so that they can repair and rebuild the losses on the non-farm as well as the private sector disaster. This disaster loan program is not only limited to small businesses. Among such loans, a very popular business loan is the economic injury disaster loan program, also known as eidp. This loan can offer around two million dollars of financial assistance. The actual loan amount is also based on the amount of injury due to the economic situation that the small businesses, private and non-profit organizations have to suffer. Economic failure can cause substantial economic injury to small businesses with low capital. This is why such economic problems allow businesses to apply for disaster loans. Applicants can also apply for eidl second round.
Eidl round 2
If a business qualifies for first eidl loan, they can apply for eidl round 2 to get additional funds for their business. The new sba policies has updated that the applicants can apply for the second round without any invitation. Candidates have to fill out the application form to apply for this loan. They will have to share their financial situation and credit details to get the loan application processed.
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noisynutcrusade · 8 months
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Keep It 100's Terrence Pounds indicted for C-19 loan fraud
BehindMLM published a review of Terrence Pounds’ Keep It 100 Ponzi scheme earlier this month. What I didn’t know at the time is Pounds had previously been indicted on fourteen counts of COVID-19 loan fraud. Pounds (right) and five accomplices were indicted on April 29th, 2021. Pounds’ alleged fraud pertains to Economic Injury Disaster Loan program (EIDL) and Paycheck Protection Program…
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mystlnewsonline · 10 months
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Lawrence Courtney Lawhorn - Pleads Guilty - Insurance Fraud
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Lawrence Courtney Lawhorn Pleads Guilty to Insurance Fraud Conspiracy. JEFFERSON CITY, MO (STL.News) A Kansas City, MO, man Lawrence Courtney Lawhorn, who formerly lived in Columbia, Mo., has pleaded guilty in federal court to his role in a $1.1 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents, as well as to his role in a conspiracy to fraudulently obtain COVID-19 relief benefits. Lawrence Courtney Lawhorn, 35, pleaded guilty before U.S. Magistrate Judge Willie J. Epps, Jr., on Thursday, June 8, to the charges contained in two separate federal indictments.  In the first indictment, Lawhorn pleaded guilty to one count of conspiracy to commit wire fraud, one count of conspiracy to commit mail fraud, and one count of aggravated identity theft.  In the second indictment, Lawhorn pleaded guilty to conspiracy to commit wire fraud. Lawhorn is among 17 defendants who have pleaded guilty to their roles in the scheme that defrauded six insurance companies from June 2017 to July 2020.  Conspirators submitted false claims that they had suffered bodily injuries and that they would be personally liable for any medical bills related to insurance claims.  Conspirators, some of whom were involved in multiple incidents, received thousands of dollars, and in some cases tens of thousands of dollars, based on these false claims.  However, none of the conspirators made any payments to medical providers and instead used the funds for their personal expenses. Lawhorn was directly involved in two incidents in which he received separate payments of $1,500 and $17,350 from insurance companies.  In several other incidents, Lawhorn sent emails to insurance companies, made telephone calls to insurance companies, directed others what to tell insurance companies, reviewed insurance policies prior to incidents, witnessed release agreements, and assumed the identity of parties to the incidents or people related to parties to these incidents in communication with insurance companies. By pleading guilty Friday, Lawhorn admitted to his involvement in nine automobile accidents in June and December 2017, in May and August 2018, and in January, February, August, October, and December 2019 as part of the insurance fraud scheme that resulted in a total loss to his victims of $1,148,198.  Most of the accidents were in Columbia and Kansas City, Mo., with one accident in St. Louis, Mo. FBI agents seized Lawhorn’s iPhone and Apple Mac laptop when he was arrested in the insurance fraud case.  A detective with the Boone County Cyber Crimes Task Force found evidence of additional fraud after searching those devices, which led to Lawhorn being indicted in the second case. By pleading guilty in the second federal indictment Friday, Lawhorn admitted that he fraudulently obtained three $10,000 COVID-19 economic relief loans for non-existent businesses in his name and in the names of two other individuals as part of a fraud conspiracy.  He also applied online for loans in the names of five more individuals, but those applications were rejected. Under the CARES Act, the federal Economic Injury Disaster Loans (EIDL) provided loan assistance, including $10,000 in advances for small businesses.  EIDL proceeds could be used to pay fixed debts, payroll, accounts payable, and other bills associated with small businesses that could have been paid had the pandemic not occurred.  A business applying for EIDL relief was eligible for an advance of $1,000 per employee for up to 10 employees that did not have to be repaid. Under federal statutes, Lawhorn is subject to a sentence of up to 20 years in federal prison without parole on each of the three conspiracy charges, plus a mandatory consecutive sentence of two years for aggravated identity theft.  The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors.  A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office. These cases are being prosecuted by Assistant U.S. Attorney Aaron M. Maness.  They were investigated by the FBI, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the National Insurance Crime Bureau, the Kansas City, Mo., Police Department, the Boone County, Mo., Sheriff’s Department, and the Missouri State Highway Patrol. SOURCE: U.S. Department of Justice Read the full article
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truefinance · 10 months
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Approved Loans in USA
The United States has witnessed a significant rise in getting approved for a loan in recent years. As the economy recovers and financial institutions adapt to changing circumstances, more Americans are gaining access to credit. This article explores the factors contributing to this surge and highlights the impact of approved loans on individuals and the overall economy.
Economic Recovery and Financial Stability 
The rebounding US economy after the global financial crisis, coupled with improved financial stability, has played a crucial role in the surge of approved loans. As businesses flourish and consumer confidence grows, financial institutions are more willing to extend credit to individuals and enterprises. The reduced risk of default and increased economic activity have created a favorable lending environment, making it easier for Americans to secure loans for various purposes.
Government Initiatives and Policy Changes 
Government initiatives and policy changes have also contributed to the increase in approved loans. Programs such as the Small Business Administration's Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) have provided crucial support to businesses, ensuring their survival during challenging times. Moreover, regulatory reforms aimed at increasing transparency and consumer protection have improved the loan approval process, instilling confidence in borrowers and lenders alike.
Technological Advancements and Digital Lending 
Technological advancements have revolutionized the lending landscape in the United States. Online lending platforms, powered by algorithms and artificial intelligence, have streamlined the loan application process, making it faster, more efficient, and accessible to a broader population. These platforms analyze data points beyond traditional credit scores, enabling lenders to evaluate creditworthiness more accurately. The advent of fintech companies has increased competition among lenders, leading to more attractive loan terms and higher approval rates.
Benefits and Implications for Individuals and the Economy 
The surge in approved loans brings numerous benefits to individuals and the overall economy. It allows individuals to pursue higher education, buy homes, start businesses, or invest in their professional development. By facilitating access to capital, approved loans foster entrepreneurship and innovation, generating job opportunities and economic growth. Moreover, responsible borrowing and timely loan repayments help individuals build credit and improve their financial well-being, enhancing their overall economic prospects.
Conclusion 
The surge of approved loans in the USA reflects a positive economic outlook, bolstered by government initiatives, technological advancements, and an improved regulatory environment. This trend supports individual aspirations and contributes to the overall economic growth of the nation.
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chasenews · 10 months
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Baton Rouge Woman Pleads Guilty to Filing Numerous PPP and EIDL Loan Applications
United States Attorney Ronald C. Gathe, Jr. announced that Tiera R. Lands, age 30, of Baton Rouge, Louisiana, pled guilty before U.S. District Judge Brian A. Jackson to wire fraud and money laundering in connection with numerous false and fraudulent applications that she filed to obtain funds from the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program in 2020…
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nammatech · 11 months
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richardcaldwellerc · 11 months
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ninjacredit · 1 year
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Did you know you can get up to $26,000 per W2 employee with the ERTC tax credit from the IRS? This offer won't last forever, so act now and take advantage of this incredible opportunity! And don't worry if you already received an EIDL loan or a PPP loan - you can still qualify for this tax credit. Visit https://bit.ly/3frD0L3 to get started #taxcredit #IRS #EIDLloan #PPPloan
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digitalmarketer44 · 1 year
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https://www.fiverr.com/share/zPrxoK I will help you file your sba eidl, or any loan application check out the link
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