The banks could all setup an email address and send the SBA an email stating each business account looks like a business account. The rest of the people? Without business accounts? Maybe they could figure something out for those people but really ---- a serious business will have a bank account where their money goes. Even a contractor should keep their books. You hire someone to keep your books and they'll refuse to do your books if you use the same account for business/personal. So rule one: don't do it.
I applied again for my second draw using a different email address when the new rules calculation came out. Smartbiz processed that as a first draw and the SBA approved it and that's after I received a first draw from cross river. So it does not surprise me that people can apply and get it without a genuine business.
please answer my question if your on unemployment how do you go about getting ppp round 1 and 2 do i need to wait 8 weeks in between loans or 8 weeks total for both round 1 and 2 and does it affect your unemployment
@@jcv3848 I can link you up with the guy who helped me out. I reached out to him when I was referred to him by my colleague. His handle is Texhacks on instagram. Get funded under 3days
I've heard of ppl getting this loan and going to Vegas after their shopping spree. Tbh it's not worth the trouble especially when the IRS comes after them.
I’m on a Facebook page. The things I was seeing made me sick. The fraudulent actions were just awful. In fact, the page I am on turned on post approval and there hasn’t been a post approved all day. I would constantly flag fraudulent posts. Made me even reconsider doing my loan because I don’t need no issues. In the end I too the loan but I’m also doing the right thing. Going my owner compensation and working to get my life and business back on track.
Womply made the PPP loan a circus by offering $200 commission to applicants. That is why the scams built up. I have been referred to Womply by a bunch of people.
@@jiggybah1304 What are you talking about I know people they don’t have companies that use fake bank statements and fictitious tax return (2020 draft July 13 th edition)... I mean I don’t have to have copies of such to point SBA to the faux company. Some of them have a tangle with the IRS and I probably don’t have to do a thing but sit back if I stop and reflect. Gotta admire the guts, but brains not so much.
you know what is sad, is we do everything that we are suppose to do legitimately but are not used to receiving any free money, so we 2nd guess ourselves as if we are the scammers. hahaha
I have alot of friends who are getting the loan. Im a single mother of six children so I said hmm, why not?. I was approached by someone who offered to do the loan for me (for a fee of 4000). As I started the process, something literally stopped me in my tracks & I immediately backed out.I thought, who would take care of my 6 kids while my dumb ass be in jail! I said to myself," hey I've survived struggling for this' long so why risk my freedom by doing something illegal now"...
It's so not with it. If you have a business and you've been filing returns most every year with a schedule c you should be good as long as you follow the guidelines.
@@luisrosariotheefficientent826 Disregard your LLC filing time. Focus on the original date you have been in business as a contractor/DBA. It's for the beginning of 2020. So while you were in business as a sole proprietor, you can apply for the loan if you had lost at least 30% of income due to COVID.
@@luisrosariotheefficientent826 If you were and independent contractor who filed business taxes that’s fine or LLC etc ....you had to be in business no later than February 1st 2020. But if your business just started this year then no.
I can't believe this, I'm struggling and got my first legit ppp now hoping to get my second. First one saved my 12 years of work at my business the 2nd could really help me but if the scammers get the money first then as usual I don't get the help I need
Thank you for all your videos contents,, @MaxMaher Your videos express great value and makes difference on people's life. I can sense your personality as genuine and authentic. 🙏💛
@@marcusmoore7911 there’s no rhyme or reason to it- some ppl it seems learned the hacks- infuriating when you know there’s scammers- they will tell us- a small salon of four we’ve run out of money- whole system is FUBAR
Enjoyed your presentation, you communicate excellent ! For us; a family business for years on end but I still go out of my way just to make sure everything lines up accurate because I never want to be accused of this. Thanks for making the video !
This is why i cant get it through, every paper submitted, they come back two weeks later saying they need more. I have a business for 12 years and they want an orignial EIN paper since we had moved out business... Then another two weeks later, they want a certified letter from a bank that I have an account... They are intentionally screwing up good loans and making stuff up as they go.... I had an SBA loan fully paid and statements from the lender (Which oddly was them) and they said they need more.... I Believe they are intentionally doing this to not provide these loans.
Some of my friends that I really care for are doing this scam... I’m kinda hurt knowing years down the line they still have to worry about getting caught... all over just 20-60k like wtf
The ppp loan scam is at its all time high in Chicago I know some charging $6000 to do the loan application... they lying saying they are hair stylist and barbers
@@lazp5637 how u gone tell her stop gettin on yourtube but yet u under her comment worried bout who she talking bout from her city if u mind yo comment the ppp loan that paid u this comment would have not hit that Lil ass Brain
@@naturalwealth465 Okay never said it wouldn’t be on a person record it’s just impossible for millions of Americans to be arrested over a failed program basically.
And here I am a real business who was funded the EIDL and the TARGETED ADVANCED GRANT, but have been sitting for Almost 3 months with Womply fast lane. I just moved to Womply showing me a lender for the first round. They don’t answer my emails. I don’t want to apply else where and get into trouble. This isn’t fair!!! Wtf!
So sorry to hear that, I got my first and second PPP loan with womply they’re not perfect there’s some problems wit ID check but if you provide the right documents fast line is the best I’m pleased with their service.
@@luisrosariotheefficientent826 Sorry, don’t think so since you need 2019 and/or 2020 Tax Documents, as well as Bank Account associated with business name as of 2/15/2020.
@@luisrosariotheefficientent826 That's what I'm trying to figure out man. If I can create a legitimate business so I can receive this loan and get all the equipment for I need for my business now!?
I had people come into my business WHO DO NOT OWN BUSINESSES brag about getting the EIDL 10k grant last year.....while I got 1k for being honest about being the only employee.... the fraud sucks
Yup. Lots scammed cause they require zero proof. This is why we are going through bullshit to get our balance. Government hired a company to work overtime catching folks. They WILL eventually be caught!!!!!
My family member told me about PPP fraud weeks ago when she called to ask me if she would qualify for a PPP loan since her business just started November 2020. She was disappointed to hear she didn’t quality but as an upstanding person, she said she would only take a loan if she could meet all SBA qualifications. Her “friend” - who along with immediate family member received a total of 80k - tried to encourage her to call a woman who “specializes” in getting loans for people who don’t have businesses, but she refused. Even though her business is not doing well she made it clear that for her FRAUD IS NOT AN OPTION! So, I agree with Max. It’s very dumb to get involved in such a scam because eventually they will be caught!
best thing to do is form your business correctly with an LLC,EIN,INSURANCE & tax certificate.its just not worth the confusion that others are causing who do not have a business at all.
@@Kayla1993ish he should know what he’s getting himself into. Him and I will soon be 25 tomorrow. He is using the money to flaunt on social media, he is betting on the loan being forgiven. He has an LLC but I don’t think it makes any money that warrants $20k…😒
@@Kayla1993ish It is a shell company that doesn't generate money that warrants $20k in ppp funding. I think he was trying to apply for Uber to cover his ass but I don't think they get 20k in funding, do they?
I know several people that are doing the same thing getting the loan and applying for forgiveness with out having a business .. they are having. The good live
@@stockpile2137 Not that I’ve seen. I work for but Uber and Lyft and I don’t think you can qualify for the 20k loan because you have to make over 100k. I think you can apply as a gig worker but I think you’d qualify for like 1k but def not 20k
The country economy is really depreciating on daily basis...the government are doing nothing about it,no food ,no stimulus check,no job...i wonder what would have been left of us if most of us didn't invest in crypto
@@MaxMaher ruclips.net/video/veCkjbwecpY/видео.html Part:1) Valdtv interview with Rapper Boosie talks about how Money from the PPP Loans are flooding the inner cities now...
The Rich become richer by spending like the poor and investing non stop , while the poor stay poor by spending like the rich yet not making any investment.
If you having issues securing the loan, taking too long, I can recommend a guy to you you who can help you out. You ca reach him on instagram, his handle is texhacks
I’m playing devil’s advocate. Desperate people do desperate things. A lot of these people haven’t received their taxes from the IRS, unemployed due to COVID, mouths to feed and eviction pending, I can see why some chose to do the PPP loan. It’s an unfortunate time for everyone now. I wish people would think more about the consequences.
You know this really upsets me because the PPP is starting to run out of money and I haven't even finished my first round and I have a feeling my second round I won't be able to get but yet all these scammers are getting money I've actually seen people on Tik Tok saying that they do these things and I'm like oh my that takes serious balls!! People are crazy
Same here. I wasn't approved last time due to too many deductions. Then I found out they changed it just in March to allow line 7 vs 31(or whatever dyslexia sorry). So I put my app in April 1st now it's a race to get 2nd draw.
The problem with the $75 one is that it's only $75!! I wouldn't trust it. There's no law against having someone help you prepare your paperwork. They can charge if they want. 🤷🏾♀️
Holy moly i saw on gofundme there is a woman who got in trouble for fake PPP and people are actually donating to her to pay it back. What are people thinking? She may not even have applied. Wake up people they deserve jail time. I have had a legitimate biz and filed my taxes on it since 2011, WE are truly suffering.
So I have a Schedule C from independent contracting work which was filed with my federal tax returns in 2019, so I can apply for a loan and as long as I pay myself the loan is forgiven? Is that how this works? I'm only familiar with the EIDl SBA loans.
Yes you are correct. It’s going to turn out much better for people who already filed their tax returns before the program even started. So you should be good to go.
Correct. If you get it, just make sure you track your payments to self, keep proof. For example, you have 8 to 24 weeks to use the money. Say you use 24 weeks and you get 24k, pay yourself $1k per month by either a check or transfer from biz account to personal. If no biz account, keep an excel sheet for each weekly payroll, Friday you are paid 1k per week for example. Hope thos helps ans good luck
Not hard for me to believe. I have worked in small business branding for over 25 years (mostly start-ups) and 9 out of 10 people I sit down with to discuss their new business have the same story. Their entire Business Plan is an "Exit Strategy" (more so every year). They say right up front that their plan is to get customers & revenue up by whatever means necessary and then sell the "business" to someone in 2-3 years with more money than brains (not that hard apparently). If they still own the business after 3 years, they failed. I have several clients that have a stack of business cards and upwards on 10 LLC's - most of which have one or no customers! So, I knew those guys would be jumping on this offer. Even some otherwise legitimate business owners I have talked to the past year said they probably will not pay it back if not forgiven... WTF? I sometimes feel like I am the only one left that tried to build an ongoing business that would last at least a lifetime! Then again, I have been proved the bigger fool repeatedly.
I'm in a Facebook group for PPP help/questions and it's out control. People posting about creating Schedule C's for people, "making " documents" for people. I cannot believe the outright fraud. It's insane!!!! People get mad and say " mind your own business" but it's taking money from the people who actually have businesses.
I caught a couple of friends who were about to get into that and thank goodness they were actually eligible. I just walked them thru and avoid the scam!! These ppl are BOLD!.
i cant even talk to the irs about my taxes to even get a 3000 ppp loan and here are the scammers pooping on the govermwent with no problems mostly SMH.......
It is frustrating because there are alot of people that we know that really need it and not getting it because there are people exploiting it. Thank you so much for making this video.
I sold collectibles starting in may 2020 on eBay and Mercari. I applied as a sole proprietor. I didn’t ever considered paying myself or accounting for my time used for advertising, inventory acquisition, logistics, packaging, buying supplies, answering emails/customer needs or requests. I hope I’m eligible? 🤔
And that will be most fraudulent applicants who really need it...let's not forget how this country treated the every day average working person Pre Covid, under normal circumstances, you couldn't get a bank loan to save your life or little to no assistance for your buisness without jumping through hurdles, This money, The PPP was allocated for the Rich & now everyone got something to say because the average Joe is getting a piece of the pie & cutting the middle man out...I dont care how they get it..& I hope everybody get forgiven, ppl can miss me with the crocodile concerns about how this country is getting ripped off, America is ran by crooks ..if they start taking ppl to jail for signing loans & not fulfilling their obligations then let's start with ppl who owe student loans , mortages, dealerships, your momma, aunt & brother...make it make sense
La'Trina you’re absolutely right! During the first round, I was shocked to see how small average business owners like my many I know tried applying for ppp with their own banks whom they either have an account with or provide merchant service, was treated with the utmost disgusting bias way, that deters them to even try. Besides the approved lenders, and certified tax professionals, they too found it too difficult or better yet doesn’t make sense. Especially when using net income to determine the loan amount. I understand the good intentions or purpose but it’s obvious the motives and clauses are far more visible. It’s like arresting someone with a blunt when eventually it will be legalized like other states....I don’t get it..... how F$&&& Our system is. Sorry, bad analogy
Congrats I’ve applied when it opened for first time users but still in review... received email from them some week saying they are overloaded and it will take 10-14 days now it takes many month until i met *850creditrestoration🪐net* so quick i got approve
It’s really sad that people have defrauded during unemployment and now this PPP loan, what I don’t understand is how the government doesn’t have a strong enough system created to prevent this from happening. These people will regret they did this though.
It is funny reading in the FB PPP room all the people freaking out trying to figure out how to give the money back because they figured out they were going to get caught. Also, some banks, Chase being a big one, is freezing those deposits and making people verify their information because of the amount of fraud. And here I sit, two months out from applying still stuck in Womply Processing. I have had my biz for almost 17 years, so easy to verify my information. Sigh....... my hopes for the loans are fading.
Karma-it's real and it will come back to those who do this type of fraudulent activity. I ONLY go through my bank, BOA, for all the PPP loans for my business. I have been asked about doing the PPP for others and refer them to the manager of my BOA bank. Period.
Some Gas station owners got PPP check and still kept on doing thriving business. I think the IRS should audit how much Gas Inventory they bought and if they could not sell it , then where's it ?? They also sold food , Sandwhiches , Beer etc and made tons of money, Its pure crime . There are many other businesses which have defrauded this country. I hope the IRS auditors are smart and will not spare them.
There’s a good chance you will get audited if they find red flags which there will be... I kind of blame Meet Kevin for pushing the conversation of free money with these EIDL grants and stimulus checks
Most public don’t know that their local businesses received hundreds of thousands of dollars sometimes even millions. And they even let employees go, and not even paid them they just let their employees collect EDD . How can this be. I know of many Mexican restaurants in my area who reported they have over 100 employees when they dont have more than 20 and receive alot of free money , I reviewed the information on the SBA website.
I hate that people are scamming the govt for this.. pisses me off because most of us who need the help are waiting a lot longer.. like come on stop it..
I know people are hurting financially, but I agree, it's not a good idea to defraud the government. They're too big for people to get away with it. Eventually they will come see you.
The banks could all setup an email address and send the SBA an email stating each business account looks like a business account. The rest of the people? Without business accounts? Maybe they could figure something out for those people but really ---- a serious business will have a bank account where their money goes. Even a contractor should keep their books. You hire someone to keep your books and they'll refuse to do your books if you use the same account for business/personal. So rule one: don't do it.
BRB gonna go apply for my 5th draw PPP🏃♂️..... kidding!
Join the Patreon if you want to support my work! www.patreon.com/maxmaher
😂😂
Stupidity at its best!!
I applied again for my second draw using a different email address when the new rules calculation came out. Smartbiz processed that as a first draw and the SBA approved it and that's after I received a first draw from cross river. So it does not surprise me that people can apply and get it without a genuine business.
please answer my question if your on unemployment how do you go about getting ppp round 1 and 2 do i need to wait 8 weeks in between loans or 8 weeks total for both round 1 and 2 and does it affect your unemployment
@@raveenjohnson728 You have to report the money from ppp to unemployment if you are receiving it. You cannot double dip so to speak
This is what I want to know..why get these 100k loans?!! Like damn don’t be greedy knowing damn well y’all don’t make that kind of money!
Yeah I know right? If you want to have money save and, don’t even eat.
My problem was and still is, some people with legitimate business' have been denied.
Are you one of them?
@@sandyrose2424 Yes I am. I pay taxes and was denied twice.
@@jcv3848 I can link you up with the guy who helped me out. I reached out to him when I was referred to him by my colleague. His handle is Texhacks on instagram. Get funded under 3days
@@jcv3848 sorry about the denial though, but going through him will guarantee you the funds
@@sandyrose2424 Thanks
I've heard of ppl getting this loan and going to Vegas after their shopping spree. Tbh it's not worth the trouble especially when the IRS comes after them.
I’m on a Facebook page. The things I was seeing made me sick. The fraudulent actions were just awful. In fact, the page I am on turned on post approval and there hasn’t been a post approved all day. I would constantly flag fraudulent posts. Made me even reconsider doing my loan because I don’t need no issues. In the end I too the loan but I’m also doing the right thing. Going my owner compensation and working to get my life and business back on track.
Womply made the PPP loan a circus by offering $200 commission to applicants. That is why the scams built up. I have been referred to Womply by a bunch of people.
We went thruj our bank BOFA as we have been a business client for over 10 years! They did make it difficult, but in the end did get our ppp!
Wow!! It’s like they want to get caught! Do they realize they are being watched!! Unbelievable 👀👀
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
It is sad that these frauds are happening while real business owners are struggling to make employee payments and other overheads. :(
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Whats crazy is I actually have a business and still haven’t gotten it yet
The treasury needs to have a hotline so that we can turn these assholes in especially if we don’t get our damn loans!!!
@@eilamariesartre8823 for real !
@@eilamariesartre8823 how are you going turn them in if you don’t know them you are just talking
@@jiggybah1304 What are you talking about I know people they don’t have companies that use fake bank statements and fictitious tax return (2020 draft July 13 th edition)...
I mean I don’t have to have copies of such to point SBA to the faux company. Some of them have a tangle with the IRS and I probably don’t have to do a thing but sit back if I stop and reflect.
Gotta admire the guts, but brains not so much.
Hackerhope6 on Instagram just help me got funded I’m so grateful to him
4 PPP loan Ads played during this video O’ the Irony.....
Not a good life looking over your shoulder. Not worth the karma and being jailed.
Never regret knowing this man HACKERGENERAL01 they're the best😍
Never regret knowing this man HACKERGENERAL01 they're the best😍
omg I agree!!!
This is sad for people who are legit business owners and sole proprietors.
you know what is sad, is we do everything that we are suppose to do legitimately but are not used to receiving any free money, so we 2nd guess ourselves as if we are the scammers. hahaha
@@ymcrivera yes that's true
Right and I only got approved for $62 for the first round and $125 for the second. And folks out here getting thousands. I’m good.
@@ZeeKeeisme lol it was 300 for me and I feel guilty because it's free money fakkkkkk!!!
@@ymcrivera we just gotta keep looking for ways to get that money.
I have alot of friends who are getting the loan. Im a single mother of six children so I said hmm, why not?. I was approached by someone who offered to do the loan for me (for a fee of 4000). As I started the process, something literally stopped me in my tracks & I immediately backed out.I thought, who would take care of my 6 kids while my dumb ass be in jail! I said to myself," hey I've survived struggling for this' long so why risk my freedom by doing something illegal now"...
Great mother for putting your kids first..love you sis
You’re a great mom and you made a great decision
Wish you well.
Crooks ruin it for the honest people who are suffering.
Which I don’t understand
The fraudsters are making life a living hell for the legitimate subcontractors who desperately need this loan.
well go get it. if they can you can
I agree with you
No it isn’t. They are bogging down the process though.
So true, dishonest people don't care about anything but themselves and how to con everybody for their benefit.
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
No wonder PPP is running out of funds.
It's so not with it. If you have a business and you've been filing returns most every year with a schedule c you should be good as long as you follow the guidelines.
I like how you covered this. Good work!
Sooo the scammers are spamming the comment section and some aren't even hiding their face XD This is truly out of hand
Yeah max their out here wilding with that money ! They are showing like dumb as*es on the internet like feds aren’t watching 🤣!
These people are crazy smh......if you don't have a business or a 1099 contracter you should not be applying.
I have a business but only paid for LLC JAN 2021. Can I legally apply and qualify for any of the PPP programs
@@luisrosariotheefficientent826 Disregard your LLC filing time. Focus on the original date you have been in business as a contractor/DBA. It's for the beginning of 2020. So while you were in business as a sole proprietor, you can apply for the loan if you had lost at least 30% of income due to COVID.
@@luisrosariotheefficientent826
If you were and independent contractor who filed business taxes that’s fine or LLC etc ....you had to be in business no later than February 1st 2020. But if your business just started this year then no.
I can't believe this, I'm struggling and got my first legit ppp now hoping to get my second. First one saved my 12 years of work at my business the 2nd could really help me but if the scammers get the money first then as usual I don't get the help I need
Y not invest in crypto and gain a huge profit within 5 day through my broker who has 10 years of experience in trading
Add him on What**sApp
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Thank you for all your videos contents,, @MaxMaher
Your videos express great value and makes difference on people's life. I can sense your personality as genuine and authentic. 🙏💛
This is the reason why real small Business is not getting it.
We have done everything right- and been denied- we are tiny! Hey , any hacks out there!!! Assholes- ☹️
Even though it’s messed up, it’s not keeping small businesses from getting loans.
@@marcusmoore7911 there’s no rhyme or reason to it- some ppl it seems learned the hacks- infuriating when you know there’s scammers- they will tell us- a small salon of four we’ve run out of money- whole system is FUBAR
@@ruththomas7164 The banks withheld it for the big businesses last time, so EVERYONE is scamming.
@@marcusmoore7911 well if you look at the glass as half full. This will b the next wave of inmates to help populate our prisons.
Enjoyed your presentation, you communicate excellent ! For us; a family business for years on end but I still go out of my way just to make sure everything lines up accurate because I never want to be accused of this. Thanks for making the video !
Everyone and their mom fraud PUA and Unemployment.. still have yet to see one person get in trouble it’s crazy..
Yes, I got funded through the help of David
Call him now
If you don't have a business...PPP Loan is NOT FOR YOU !!
This is why i cant get it through, every paper submitted, they come back two weeks later saying they need more. I have a business for 12 years and they want an orignial EIN paper since we had moved out business... Then another two weeks later, they want a certified letter from a bank that I have an account... They are intentionally screwing up good loans and making stuff up as they go.... I had an SBA loan fully paid and statements from the lender (Which oddly was them) and they said they need more.... I Believe they are intentionally doing this to not provide these loans.
I’m so glad lm legit !! I have nothing to hide. The Bible says to be anxious for nothing. And lm definitely not money hungry. Thank you God !!
Same here Teresa!! I'm so glad I'm so glad I'm an honest person!!💯😇
Yes Amen!
Same here Amen! God bless you.
Some of my friends that I really care for are doing this scam... I’m kinda hurt knowing years down the line they still have to worry about getting caught... all over just 20-60k like wtf
Since I got funded through the help of David, am happy doing my business with peace
Call him now
Exactly thsts not right
Omg the fraud is crazy!!!! I thank God I’m legit!
The ppp loan scam is at its all time high in Chicago I know some charging $6000 to do the loan application... they lying saying they are hair stylist and barbers
Facts I’m from Chicago mfs charging 5k to 10k
I only charge $1500, get at me
So what stop getting on RUclips snitching on ppl in ur city. Either you’re doing it or not and if not mind your business and keep it moving.
@@lazp5637 how u gone tell her stop gettin on yourtube but yet u under her comment worried bout who she talking bout from her city if u mind yo comment the ppp loan that paid u this comment would have not hit that Lil ass Brain
@@GoHeadMissBee and as soon as niggas run up on yo ass for talking too much then what? So like I said either u going to do the loan or not
It’s impossible for America to go to jail 😭
😂😂😂
Don't be naive fed time will forever be on your record
@@naturalwealth465 Okay never said it wouldn’t be on a person record it’s just impossible for millions of Americans to be arrested over a failed program basically.
That was the correct word “failed”
Me and my husband started to do it but we didn’t thank god we didn’t cause we would’ve lost everything🙏🏽🙏🏽🙌🙌
yall missing out
@@coreyj.7776 LOL smh
@@coreyj.7776 Nawl we good we both have jobs don’t need to scam the government
I'm not surprised people are greedy as hell throw their ASSES under the jail!😒😒
@@moniquebenjamin1523 Thats the problem. yall need businesses not jobs. yall scamming yall selves.
Unbelievably sad and real small business owners suffer the most
Exactly!!! I have a small business and still waiting on the ppp
Michelle it took so long for me I withdrew my app
I think I’m going to do the same thing!!!!
@@sharondanash2186 who did you apply through?
@@shabu3084 PayPal loanbuilder
And here I am a real business who was funded the EIDL and the TARGETED ADVANCED GRANT, but have been sitting for Almost 3 months with Womply fast lane. I just moved to Womply showing me a lender for the first round. They don’t answer my emails. I don’t want to apply else where and get into trouble. This isn’t fair!!! Wtf!
U better apply somewhere else
So sorry to hear that, I got my first and second PPP loan with womply they’re not perfect there’s some problems wit ID check but if you provide the right documents fast line is the best I’m pleased with their service.
You can apply else where funding circle my cousin did hers with....
I have explained this to so many people. If you don’t have a business/gig worker & really qualified, don’t apply!!
Q: Being self employed as a barber, with a legitimate Schedule C tax return would I be safe/qualified to apply ? tia
@@rogerfonseca5976 Yes you are good.
I have a business but only paid for LLC JAN 2021. Can I legally apply and qualify for any of the PPP programs?
@@luisrosariotheefficientent826 Sorry, don’t think so since you need 2019 and/or 2020 Tax Documents, as well as Bank Account associated with business name as of 2/15/2020.
@@luisrosariotheefficientent826 That's what I'm trying to figure out man. If I can create a legitimate business so I can receive this loan and get all the equipment for I need for my business now!?
I had people come into my business WHO DO NOT OWN BUSINESSES brag about getting the EIDL 10k grant last year.....while I got 1k for being honest about being the only employee.... the fraud sucks
Yup. Lots scammed cause they require zero proof. This is why we are going through bullshit to get our balance. Government hired a company to work overtime catching folks. They WILL eventually be caught!!!!!
My family member told me about PPP fraud weeks ago when she called to ask me if she would qualify for a PPP loan since her business just started November 2020. She was disappointed to hear she didn’t quality but as an upstanding person, she said she would only take a loan if she could meet all SBA qualifications. Her “friend” - who along with immediate family member received a total of 80k - tried to encourage her to call a woman who “specializes” in getting loans for people who don’t have businesses, but she refused. Even though her business is not doing well she made it clear that for her FRAUD IS NOT AN OPTION! So, I agree with Max. It’s very dumb to get involved in such a scam because eventually they will be caught!
What if you're an actual 1099 independent contractor and can show loss? Is that still a scam? Now I'm super confused
As long as you are independent contractor. I thin you good
best thing to do is form your business correctly with an LLC,EIN,INSURANCE & tax certificate.its just not worth the confusion that others are causing who do not have a business at all.
That's not a scam. The lender will verify your 1099 and tax returns, bank info..Independent contractors can apply
As long as I a gig worker u find the program is for loss income
I think my brother is doing this, he is going on vacation with his bae to Cali with the PPP loan.
Tell him to return it! 🤦🏾♀️ I hope you sent him this video
@@Kayla1993ish he should know what he’s getting himself into. Him and I will soon be 25 tomorrow. He is using the money to flaunt on social media, he is betting on the loan being forgiven. He has an LLC but I don’t think it makes any money that warrants $20k…😒
@@Kayla1993ish It is a shell company that doesn't generate money that warrants $20k in ppp funding. I think he was trying to apply for Uber to cover his ass but I don't think they get 20k in funding, do they?
I know several people that are doing the same thing getting the loan and applying for forgiveness with out having a business .. they are having. The good live
@@stockpile2137 Not that I’ve seen. I work for but Uber and Lyft and I don’t think you can qualify for the 20k loan because you have to make over 100k. I think you can apply as a gig worker but I think you’d qualify for like 1k but def not 20k
The country economy is really depreciating on daily basis...the government are doing nothing about it,no food ,no stimulus check,no job...i wonder what would have been left of us if most of us didn't invest in crypto
Crypto trading right now will be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today
Crypto trading nowadays is a big change to make money
BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD
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I've got interest in investing but afraid of doing it on my own to avoid loss from my end
This is so horrible. I've been waiting since March 7th to be funded, and these scammers are getting paid out within 2 weeks. Sucks.
Thank you for shedding light on this
UPDATE:
Just got my 1st PPP loan today. Thank you Max for all the help.
Awesome!!
@@MaxMaher ruclips.net/video/veCkjbwecpY/видео.html Part:1) Valdtv interview with Rapper Boosie talks about how Money from the PPP Loans are flooding the inner cities now...
I got an ad for a PPP loan while watching this video... 😂
Omg SueHack44 onig clear my house bills successfully🙏🏿
THESE DAYS IF YOU'RE NOT SPENDING TO RECOVER,THEN STOP SPENDING 💰
Investment are the ones stepping stones to success , investing in what create wealth
Recently, I invested in both stock and crypto but currently I believe Crypto is doing more better!!
Invest invest invest in crypto or stocks.
Most schools don't teach about this. It's sooo sad.
The Rich become richer by spending like the poor and investing non stop , while the poor stay poor by spending like the rich yet not making any investment.
Most intelligent words I've heard today
I am a real company and working on my second ppp and surely being treated like I'm a damn criminal. sad really .. I hope they all go to prison..
If you having issues securing the loan, taking too long, I can recommend a guy to you you who can help you out. You ca reach him on instagram, his handle is texhacks
Hello
CONGRATS!!!! I got mine approved too without delay, I can tell you guys the secret💯💯
I need to get mine approved too
Man, I love this guy!!! Always some value in his videos!!!
I’m playing devil’s advocate. Desperate people do desperate things. A lot of these people haven’t received their taxes from the IRS, unemployed due to COVID, mouths to feed and eviction pending, I can see why some chose to do the PPP loan. It’s an unfortunate time for everyone now. I wish people would think more about the consequences.
I did it cuz I wanted to buy a ps5
I Can’t go to jail.. I just got a new kitten... she need me!!!
Awww....
😆🤣😂
Super video! I applauded for $5.00 👏👏
This is sad, hope the real business owners with legit applications get there money soon.
I just got funded.
3 people that I do NOT play with... 1. God, 2. The Government, 3. The IRS... BUT for a small fee I could report someone💁🏽♀️😈😅 #Idiots
You know this really upsets me because the PPP is starting to run out of money and I haven't even finished my first round and I have a feeling my second round I won't be able to get but yet all these scammers are getting money I've actually seen people on Tik Tok saying that they do these things and I'm like oh my that takes serious balls!! People are crazy
Right i damn thing
Same here. I wasn't approved last time due to too many deductions. Then I found out they changed it just in March to allow line 7 vs 31(or whatever dyslexia sorry). So I put my app in April 1st now it's a race to get 2nd draw.
They not running out of money. They print money.
@@mostmost1 which I’ve never understood
Thank you for doing this. Love your content!
I think it’s sad that others that are truly hurting can’t get help I think more money should be put towards those that are homeless.
Good afternoon Max! Thank you for the update! Your the best! Have a great day! 🤗💖❣️🌹🌟
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
@Nicholas Jackson That won't bother you if you trade with a professional like Mr Oscar Anderson
I heard that his strategies are really good
I got sir Oscar Anderson info, how good is he ?
@@nicoleteresa5226 Oscar Anderson has been managing my trade for months and I keep making profits every week, I made $9,130 last week
He's Really amazing with an amazing skills he changed my 0.3btc to 2.1btc
The problem with the $75 one is that it's only $75!! I wouldn't trust it. There's no law against having someone help you prepare your paperwork. They can charge if they want. 🤷🏾♀️
Email him for assistance. He will help you out.
I'm so excited Shalomhack1 works for me.
Thanks for the honest information.👍
They Use the MONEY To get Designer brand , And Surgery.
People who got the 20k aren’t going to get caught. They are going after people who received a larger amount
Ok we’ll see about that
I know someone who has gotten arrested for 20k
If you got 20,000 then you made 100,000 + so yes if you didn't report income or pay taxes on it they are coming for you
Holy moly i saw on gofundme there is a woman who got in trouble for fake PPP and people are actually donating to her to pay it back. What are people thinking? She may not even have applied. Wake up people they deserve jail time. I have had a legitimate biz and filed my taxes on it since 2011, WE are truly suffering.
So I have a Schedule C from independent contracting work which was filed with my federal tax returns in 2019, so I can apply for a loan and as long as I pay myself the loan is forgiven? Is that how this works? I'm only familiar with the EIDl SBA loans.
Yes you are correct. It’s going to turn out much better for people who already filed their tax returns before the program even started. So you should be good to go.
Correct. If you get it, just make sure you track your payments to self, keep proof. For example, you have 8 to 24 weeks to use the money. Say you use 24 weeks and you get 24k, pay yourself $1k per month by either a check or transfer from biz account to personal. If no biz account, keep an excel sheet for each weekly payroll, Friday you are paid 1k per week for example.
Hope thos helps ans good luck
Yes you can🤞🏾
Not hard for me to believe. I have worked in small business branding for over 25 years (mostly start-ups) and 9 out of 10 people I sit down with to discuss their new business have the same story. Their entire Business Plan is an "Exit Strategy" (more so every year). They say right up front that their plan is to get customers & revenue up by whatever means necessary and then sell the "business" to someone in 2-3 years with more money than brains (not that hard apparently). If they still own the business after 3 years, they failed. I have several clients that have a stack of business cards and upwards on 10 LLC's - most of which have one or no customers! So, I knew those guys would be jumping on this offer. Even some otherwise legitimate business owners I have talked to the past year said they probably will not pay it back if not forgiven... WTF?
I sometimes feel like I am the only one left that tried to build an ongoing business that would last at least a lifetime! Then again, I have been proved the bigger fool repeatedly.
I’m going to definitely use the money for my business but honestly all they do is shred the money anyway get yours while they giving it out
Thanks for making this video! Very interesting
Thanks for watching, Jon!
I'm in a Facebook group for PPP help/questions and it's out control. People posting about creating Schedule C's for people, "making " documents" for people.
I cannot believe the outright fraud. It's insane!!!!
People get mad and say " mind your own business" but it's taking money from the people who actually have businesses.
I caught a couple of friends who were about to get into that and thank goodness they were actually eligible. I just walked them thru and avoid the scam!! These ppl are BOLD!.
I know a couple people that did this for fraud crazy .....very sad.
It’s the actual advertising for me
Your information is great.
So sad that people find a way to scam and in turn it hurts others
I had two people who did this and showed me they got the money but I was too scared to do it. It just seemed sketchy.
@@maxmaher9672 Scammer
I would like to know how when I had to show my banks account and taxes
i cant even talk to the irs about my taxes to even get a 3000 ppp loan and here are the scammers pooping on the govermwent with no problems mostly SMH.......
These people are really not good people
It is frustrating because there are alot of people that we know that really need it and not getting it because there are people exploiting it. Thank you so much for making this video.
Mlmers getting 60 thousand plus.
I got charged $4500 and was told to pay $1000 upfront which I did. It’s been two months now. I have reported the incident to my bank
Stupid
I sold collectibles starting in may 2020 on eBay and Mercari. I applied as a sole proprietor. I didn’t ever considered paying myself or accounting for my time used for advertising, inventory acquisition, logistics, packaging, buying supplies, answering emails/customer needs or requests. I hope I’m eligible? 🤔
I agree, it does take away from those who really needs it
And that will be most fraudulent applicants who really need it...let's not forget how this country treated the every day average working person Pre Covid, under normal circumstances, you couldn't get a bank loan to save your life or little to no assistance for your buisness without jumping through hurdles, This money, The PPP was allocated for the Rich & now everyone got something to say because the average Joe is getting a piece of the pie & cutting the middle man out...I dont care how they get it..& I hope everybody get forgiven, ppl can miss me with the crocodile concerns about how this country is getting ripped off, America is ran by crooks ..if they start taking ppl to jail for signing loans & not fulfilling their obligations then let's start with ppl who owe student loans , mortages, dealerships, your momma, aunt & brother...make it make sense
La'Trina you’re absolutely right!
During the first round, I was shocked to see how small average business owners like my many I know tried applying for ppp with their own banks whom they either have an account with or provide merchant service, was treated with the utmost disgusting bias way, that deters them to even try.
Besides the approved lenders, and certified tax professionals, they too found it too difficult or better yet doesn’t make sense. Especially when using net income to determine the loan amount.
I understand the good intentions or purpose but it’s obvious the motives and clauses are far more visible.
It’s like arresting someone with a blunt when eventually it will be legalized like other states....I don’t get it..... how F$&&&
Our system is. Sorry, bad analogy
No the rich is taking money from small businesses that are struggling. If everyone was treated equally nobody would need to this 🤷🏾♀️
So communism
Congrats I’ve applied when it opened for first time users but still in review... received email from them some week saying they are overloaded and it will take 10-14 days now
it takes many month until i met *850creditrestoration🪐net* so quick i got approve
It’s really sad that people have defrauded during unemployment and now this PPP loan, what I don’t understand is how the government doesn’t have a strong enough system created to prevent this from happening. These people will regret they did this though.
Crazy I had a ppp loan commercial before this video 😂
Me too...
I had one during it!
It is funny reading in the FB PPP room all the people freaking out trying to figure out how to give the money back because they figured out they were going to get caught. Also, some banks, Chase being a big one, is freezing those deposits and making people verify their information because of the amount of fraud. And here I sit, two months out from applying still stuck in Womply Processing. I have had my biz for almost 17 years, so easy to verify my information. Sigh....... my hopes for the loans are fading.
Karma-it's real and it will come back to those who do this type of fraudulent activity. I ONLY go through my bank, BOA, for all the PPP loans for my business. I have been asked about doing the PPP for others and refer them to the manager of my BOA bank. Period.
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Some Gas station owners got PPP check and still kept on doing thriving business. I think the IRS should audit how much Gas Inventory they bought and if they could not sell it , then where's it ?? They also sold food , Sandwhiches , Beer etc and made tons of money, Its pure crime . There are many other businesses which have defrauded this country. I hope the IRS auditors are smart and will not spare them.
There’s a good chance you will get audited if they find red flags which there will be... I kind of blame Meet Kevin for pushing the conversation of free money with these EIDL grants and stimulus checks
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
Hackerhope6 is the best on Instagram and as just help me correct the error on my ppp loan I’m so grateful to him
I make 140+ a year as a sole proprietor and I didn't touch that loan. Keep your money.
Anybody else thought of edge from wwf while watching this video lol
Now it's making look bad for people that got real business and hard working people like us you shouldn't have encouraged people to do to apply
What's the name of the company that you're buying stock in?
I want to buy some of that stock as well 🙂
Palantir stock ... Kinda like private security or mercenary services
lol I was about to ask the same question.
$PLTR
Oh em gee! I must be naive! My sister always says that she is streetwise and I am "otherwise " proud to say I am otherwise!
And my 2rd draw been stuck at womply “lender secondary review “ over a month. All those fraudulent peoples are getting approved.
My dear is better of investing than waiting for pop loans
I agree with you it’s a shame.
Most public don’t know that their local businesses received hundreds of thousands of dollars sometimes even millions. And they even let employees go, and not even paid them they just let their employees collect EDD . How can this be. I know of many Mexican restaurants in my area who reported they have over 100 employees when they dont have more than 20 and receive alot of free money , I reviewed the information on the SBA website.
Man I did this got 100,000 looks like I’m on my way out of here 🤦♂️ dang
That shit really hiz
I hate that people are scamming the govt for this.. pisses me off because most of us who need the help are waiting a lot longer.. like come on stop it..
I know people are hurting financially, but I agree, it's not a good idea to defraud the government. They're too big for people to get away with it. Eventually they will come see you.
actually I got both draws, and i've got them forgiven too
Greed = FRAUD.
No one does it better than Megestaypaid on
Te!!egram they got me 10BTC THANK YOU SIR