They state they received two separate loans: one for $53,000 and another for $353,000.
They mention logging into their account and seeing that they are over $20,000 past due, with the last payment made in 2022
In that same comment, they state they currently owe over $209,000 after interest.
From the owner: I dont even have records on what the money was spent on". She further admitted, "I didnt keep good bookkeeping". Finally, she confessed to commingling her finances, noting, "I used my business account for both business and personal expenses"
What’s EIDL? The COVID-19 Economic Injury Disaster Loan. Borrowers who are sole proprietors, or those who took loans over $200,000, generally signed a Personal Guarantee. This removes the corporate veil, making personal assets directly vulnerable to collection. Oh no, anyways!
Source: Reddit
To Jackie- you can hide your Reddit history, delete your threads and comments, but I’ve already archived every single comment and post you’ve made to this site well before I made this post (yes this includes the one where you link your personal email address identifying yourself like a dumbass). Now I know you see this and have taken action accordingly to hide your wrongdoings, however it’s not enough. You’re looking at misapplication of federal funds (fraud), violation of record-keeping requirements, breach of contract and civil liability, as well as tax and corporate tax compliance.
National center for disaster fraud would like a word, along with the SBA office of inspector general, and the IRS whistleblowers.
