PPP Loan Fraud Lawyers in Fort Lauderdale, FL Helping You Feel Less Stress During This Difficult Time
The novel coronavirus, COVID-19, has a devastating impact on businesses around the world. The virus has caused widespread panic and a decrease in consumer spending as people stay home to avoid exposure. This has led to layoffs, bankruptcies, and closures. In some cases, entire industries are facing collapse. PPP loans have helped many businesses during this time. However, some businesses have used these loans in a fraudulent manner and are now being investigated by the government. If you are one of these businesses, it is important to contact a PPP loan fraud lawyer as soon as possible.
At Piotrowski Law, we have experience helping businesses with PPP loan fraud investigations. We understand that this is a difficult time for you and your family. That is why we will work tirelessly to help you get the best possible outcome in your case. We will guide you through every step of the process and will fight to protect your rights. Contact Piotrowski Law today at 954-947-5000 to set up your free consultation with one of our skilled attorneys.
What Is An SBA or PPP Loan, And What Is It Used For?
The Paycheck Protection Program (PPP) is a loan program administered by the Small Business Administration (SBA) that provides low-interest loans to small businesses and non-profit organizations in an effort to help them keep their workers employed during the COVID-19 pandemic.
There are a number of risks associated with applying for a PPP loan, including:
- You may be required to repay the loan in full if you do not use it for its intended purpose.
- If you do not meet the eligibility requirements, you may be charged with loan fraud.
- Your business may be at risk if you are unable to repay the loan.
- The SBA may take legal action against you if you do not meet the terms of the loan agreement.
If you are under investigation or have been charged with loan fraud, it is important to contact a qualified lawyer immediately. At Piotrowski Law, we have years of experience representing clients in cases related to SBA and PPP loans.
Am I Allowed To Use My SBA or PPP Loan For Something Other Than Payroll?
PPP loans are intended to cover payroll costs only. When business owners utilize PPP loans to pay other expenses, it can be seen as fraud. This is because the loan was not obtained for its intended purpose, which is to keep employees on the payroll.
If you are being investigated or have been charged with PPP loan fraud, it is important to speak with a lawyer who understands the complexities of these cases. At Piotrowski Law, we have experience representing clients in cases related to SBA and PPP loans. We will work tirelessly to help you get the best possible outcome in your case. Contact us today at 954-947-5000 for a free consultation.
What Are Possible Penalties For PPP Loan Fraud?
PPP loan fraud can result in some serious penalties, depending on the severity of the crime. The most common penalties for PPP loan fraud include a monetary fine, imprisonment, and/or a ban from participating in government contracts.
If you are accused of committing PPP loan fraud, it is important to have legal representation. A qualified lawyer can help you understand the charges against you, advise you on how to plead, and represent you in court. If you are found guilty, your lawyer can work to get the best possible sentence for you. If you would like more information about PPP loan fraud lawyers in Fort Lauderdale, contact our law firm today.
What Can a Loan Fraud Attorney Help Me With During My Case?
If you have been accused of loan fraud, it is important to seek legal representation from an experienced loan fraud attorney in Fort Lauderdale, FL. A loan fraud attorney can provide you with the legal guidance and support you need during this difficult time.
There are many different types of loan fraud, and each type of fraud has its own specific set of laws and penalties. An experienced attorney will be familiar with all the different types of loan fraud and can help you determine what charges you may be facing. In some cases, a loan fraud attorney may even be able to get your charges reduced or dismissed entirely. We believe in the attorney-client relationship and can help you get the results you deserve. Contact Piotrowski Law today at 954-947-5000 to set up your free consultation with one of our skilled attorneys.