Re: US govt upping PPP loan fraud cases, trouble for Pod Media, Oscar Santana and the Mike omeara???
Date: January 20, 2023 10:57AM
Michael S O'meara Inc in Laytonsville, MD received a SECOND Paycheck Protection Loan of $38,813 through Bank of America, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven.
WHY WASN'T THIS SECOND LOAN FORGIVEN?
Second Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement:
Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan,
The loan proceeds are spent on payroll costs and other eligible expenses,
and At least 60% of the proceeds are spent on payroll costs.
DID Michael S O'meara Inc COMMIT FRAUD?