![]() Loans issued under the PPP carry a 1% interest rate, but the loans are completely forgivable if certain conditions are met. Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. Employee allowances (sick leaves, medical, parental, and vacation pay)įederal authorities are aggressively targeting individuals and companies for PPP loan fraud. ![]() bank account that is accessible online access to. The program has five requirements for any user: have a U.S. PPP Fast Lane is a web-based application that takes just minutes to complete. Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee) They can now complete the entire loan application process using their mobile phone by applying through the PPP Fast Lane, developed and provided free of charge by Womply, a technology company offering a local commerce platform for small businesses.Businesses who took out these loans could spend the borrowed sum on: The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people don’t lose their employment. If you think FASTLANE OPERATING LLC has done something nefarious, then report them here using the review box at the bottom of the page. Often, however, whistleblowers & employees reveal that their employers have abused their funds. These amounts were reported to the SBA by the company. ![]() 3 FASTLANE OPERATING LLC claims to not have misused the PPP Loan in any ways. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |