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/biz/ - Business & Finance


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22407941 No.22407941 [Reply] [Original]

My bank closed my account because the PPP loan was in my checking account. The guy that "helped" me get it didn't know that it was supposed to go into a bizness account. Am I in trouble?

>> No.22408008

>>22407941
what business do you own?

>> No.22408046

>>22408008
Uber driver , sole proprietary?

>> No.22408057

>>22407941
If you dont already, just ask your bank to set up a business account and see if you can get it transferred over. Make up some bullshit like you were in the middle of switching banks then covid happened and you've been putting it off. You can believably blame covid-19 for basically anything

>> No.22408122
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22408122

>>22407941
This is the least of your worries.
The SBA is starting to retro crack down on fraud, whether or not its actual fraud or not.
To get your money, you'll have to prove your business existed to the bank, which in turn will have to prove that to the SBA.You must have used that account for at least some business purposes, even if it is a personal checking acct. If you can't prove to their satisfaction, you'll be charged with fraud if its over 10k. If less, you still may have to pay it back if it was spent in any way. If you never got to touch it, consider it lost and you're blackballed from future SBA freebies.

>> No.22408191

>>22408046
If you have a business why don't you have a business bank account? Have you actually done the work to set up your own business with the state or are you just being a jew and running it out of your car?

>> No.22408218

>>22408122
this guy's right too, you might still be charged with fraud. But although the bank won't really help you, I dont think they'll go out of their way to fuck you since they want that money in their accounts as well.

>> No.22408237

>>22408122
Kabbage, the company I got the loan from, said that the bank would send them the money back and that I'd be able to redeposit it into another account.

>> No.22408326

>>22407941
that's a man

>> No.22408327

Bump

>> No.22408331

>>22407941
That's a man
I saw its porn

>> No.22408345

>>22408191
I think it was pretty much fraud, Im not an uber driver. The guy just had me put that in the application.

>> No.22408435

Bump

>> No.22408602

Bump

>> No.22408626

>>22408046
hello pajeet

>> No.22408993

Bump

>> No.22409429

Bump