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.
@@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.
@@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.
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"...
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.
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 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
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.
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
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!!!!!
@@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 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? 🤔
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.
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.
@@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!?
@@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
@@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.
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 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
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. 🤷🏾♀️
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
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
@@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...
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.
@@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
I don't get how people are doing it ..I had to turn in a complete 1040 with schC filed not a draft..submit 1099s so they could match and verify income..A statement verifying how funds were spent and proof of 25 percent reduction. And I am an Independent contractor with a 5000 loan who waited 10 wks before applying for my second!
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 !
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.
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.
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
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. 🙏💛
i didn't apply. listened to politicians and used logical thinking. How many of those who did apply got letters from a Tax Auditor for a meeting? doesn't matter if the tax agent is with the state or IRS. those are only one of the type of people that applicants may have to deal with. IF IT'S YOUR FIRST RODEO, I AM SITTING IN THE STANDS WATCHING.
I’m a mechanic I work on the side and do pretty good and since covid pretty much all of my side work has dried up , I applied for the ppp because of that , was that wrong ?
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.
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.
PPP gives out money according to ur "gross" income. Your "gross income" (before expense) can be 100k, where as ur actual income can be 10k after all expenses. The amount of money given, comes from your gross, and all you have to do to get it forgiven as an independent contractor, is pay yourself. No fraud here. Yet you are making it look like you are making "100k".
A good friend of mine is doing this for people. He's done almost 40 already. Each person gets $40k and my friend keeps $10k. It's so tempting to do it, but I'm good. He really thinks he's not going to get caught. Hope not.
@@sandyrose2424 Well I hope you can prove you have a small business or else it won't be forgiven and you will have to pay it pack or get a visit from the IRS! 😁 How much u get?
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.
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!.
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.
@Mansfield Man yes!! I was denied last year too. Asked to provide tons of info then denied eidl this year because they said I didn’t make enough. Of course I didn’t, it was a plandemic
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.
I have a clothing line so I have a Llc I also do Uber eats so I have a 1099 I’ve been doing Uber for 3 yrs but I also work a 9-5 can I qualify for the ppp ?
@@daniellespruill90 much appreciated thanks someone basically for people who do Uber full time and that I probably wouldn’t qualify if I have a full time job
@@kristenvann2981 you welcome.trust me if I would have know a lot of stuff we could’ve gotten last year that I know today the problem is no body talk about what e can get so if I can spread the words to ppl like us i do.
, I guess they will have to build a PPP prison for the millions of fraud claims because there's not enough space in the local jails, meanwhile the crooks AKA government has been passing out student loans that millions owe back, students drop out all the time, get financial aid, a few Grant's & kick rocks afterwards, so are they coming after them too? are they coming after all the immigrants who received federal aid with no documents? Better yet, will this country start paying back their debt to other countries & lets not forget they owe Black Americans for free labor called slavery, anyway I Hope everybody gets away with it ..the nerves... Crooks trying to police Crooks 🤣
@Maxmaher I’m getting mixed responses 1 person says I should apply because I have been in business prior 2019 but only filed for LLC Jan 1st 2021 But others are saying I shouldn’t apply at all because I filed on Jan 1st 2021
So I have a Sole Proprietor business license I got in October of 2020 I haven’t started with my business because of funding and I haven’t invested anything into the business yet. Would I be able to apply for the PPP with no business history? I want to use the loan to get started with my business pretty much and I don’t know if that’s possible because I hear my business needed to be established before the pandemic.
Max thanks for all your time and effort with the PPP program. I cannot tell you how much it has helped my family and friends. I do have a question. I’ve been funded for round 1, signed docs for round 2 and the promissory note and it shows that my lender is processing that. But this morning I received an email from Womply wanting me to upload a bank statement from Feb 2020, which seems weird since the SBA has already approved the second round of funding and I’ve already signed the promissory note. I just don’t want to go in an update anything that slows the process. Have you seen this happening after everything has been signed? Thanks again Max for your time.
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.
Good evening, it’s been more than a week ; I haven’t received the fund yet: on my portal it says your loan modification is being processed , the amount confirmed and all the steps are completed. Last loan I got the fund in 3 days after all these steps . Any suggestions please
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.......
What if i'm a legit 1099 and I haven't filed taxes yet, but submitted a loan with a schedule c draft? Then when I pay taxes the number is more or less than what I put on the draft? IE I fill out the draft showing 90k income but then when I do my taxes it comes out to around 80k or 85k? I am so scared now to even do a PPP because I feel like without my actual tax docs they'll try to convict people, even though companies like Blue Acorn do a tax DRAFT.
Sad to say, I know someone who did this. She told me she knows a guy that she paid $3000 to get approved for 20K PPP last year. He did this for everyone he knew. Now, he charges 5k, LMAO No thanks!!!
So I used my actual tax information in everything I followed the book all the way honestly and truthfully as a lyft/Uber driver. And as I look more into it we can't do payroll for some reason because it's classified under Yearly pay business otherwise W2 forms so how do drivers get the PPP Forgiven I am not a 100% sure but I think I read something about 80% used on your vehicle or safety It can be but I'm not 100% sure can you clarify otherwise I'm afraid of taking this money and not getting it forgiven as a driver
I got a buddy who managed to get a loan and bought a house and car. Bragged about it for a while now I'm just waiting here too see if he goes to prison
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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.
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.
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.
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.
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
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.
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
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!
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.
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
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
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omg I agree!!!
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.
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
No wonder PPP is running out of funds.
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!!!!!
Crooks ruin it for the honest people who are suffering.
Which I don’t understand
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 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? 🤔
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.
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 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!?
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.
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.
I like how you covered this. Good work!
If you don't have a business...PPP Loan is NOT FOR YOU !!
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”
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....
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
4 PPP loan Ads played during this video O’ the Irony.....
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.
Sooo the scammers are spamming the comment section and some aren't even hiding their face XD This is truly out of hand
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.
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
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
Crypto is the future, trading crypto has become a lucrative way of making money
I've got interest in investing but afraid of doing it on my own to avoid loss from my end
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.
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
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
I got an ad for a PPP loan while watching this video... 😂
Omg SueHack44 onig clear my house bills successfully🙏🏿
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...
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
CONGRATS!!!! I got mine approved too without delay, I can tell you guys the secret💯💯
I need to get mine approved too
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 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
I don't get how people are doing it ..I had to turn in a complete 1040 with schC filed not a draft..submit 1099s so they could match and verify income..A statement verifying how funds were spent and proof of 25 percent reduction. And I am an Independent contractor with a 5000 loan who waited 10 wks before applying for my second!
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
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 !
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
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.
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.
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
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
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
Ok I have a real business and when I went to Apply today it says access denied my IP address is blocked or not discovered
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. 🙏💛
I make 140+ a year as a sole proprietor and I didn't touch that loan. Keep your money.
I Can’t go to jail.. I just got a new kitten... she need me!!!
Awww....
😆🤣😂
Thank you for shedding light on this
Omg the fraud is crazy!!!! I thank God I’m legit!
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
This is sad, hope the real business owners with legit applications get there money soon.
I just got funded.
i didn't apply. listened to politicians and used logical thinking. How many of those who did apply got letters from a Tax Auditor for a meeting? doesn't matter if the tax agent is with the state or IRS. those are only one of the type of people that applicants may have to deal with. IF IT'S YOUR FIRST RODEO, I AM SITTING IN THE STANDS WATCHING.
I’m a mechanic I work on the side and do pretty good and since covid pretty much all of my side work has dried up , I applied for the ppp because of that , was that wrong ?
Side gig are allowed-like Uber, Lyft,independent contractor,etc
@@sooofunny37 Don't you have to treat your side business as a business on your taxes with Schedule C or a 1099?
You are a gig worker, so you can apply for your ppp loan.
@@les0101s yes, sch c and 1099s are required
@@les0101s yes they ask for 2019 schedule c for proof I work for Uber part time and I had to show this and got approved
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.
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
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
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
PPP gives out money according to ur "gross" income. Your "gross income" (before expense) can be 100k, where as ur actual income can be 10k after all expenses. The amount of money given, comes from your gross, and all you have to do to get it forgiven as an independent contractor, is pay yourself. No fraud here. Yet you are making it look like you are making "100k".
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
A good friend of mine is doing this for people. He's done almost 40 already. Each person gets $40k and my friend keeps $10k. It's so tempting to do it, but I'm good. He really thinks he's not going to get caught. Hope not.
I have a guy on instagram who did it for me too
@@sandyrose2424 Well I hope you can prove you have a small business or else it won't be forgiven and you will have to pay it pack or get a visit from the IRS! 😁 How much u get?
@@ChiTownGuerrilla got 40k bro
@@sandyrose2424 So you used fake papers
@@ChiTownGuerrilla nope
You told everybody how easy it is to apply for ppp you.told every people that they can.apply now why are you telling us that we gonna get in trouble
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.
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!.
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.
How do they get around the 4506T? I would figure that should have been SBA's anti fraud process.
I hope everyone gets away with it... The White House is full of crooks & no one is being held accountable
Dont need 4506t for ppp
@@ToddDevore For round 2, I sure had to.
@Mansfield Man yes!! I was denied last year too. Asked to provide tons of info then denied eidl this year because they said I didn’t make enough. Of course I didn’t, it was a plandemic
@@ChrisLee66 maybe for eidl not for ppp
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.
I have a clothing line so I have a Llc I also do Uber eats so I have a 1099 I’ve been doing Uber for 3 yrs but I also work a 9-5 can I qualify for the ppp ?
Yes u do Uber sometimes do u qualified. I’m the same way. I do it part time bc covid I slow down and I show them my 1099 and was and was approved
@@daniellespruill90 you think we will qualify for the forgiveness
@@kristenvann2981 yes why not we are a gig worker and we have the same rights as everyone else.
@@daniellespruill90 much appreciated thanks someone basically for people who do Uber full time and that I probably wouldn’t qualify if I have a full time job
@@kristenvann2981 you welcome.trust me if I would have know a lot of stuff we could’ve gotten last year that I know today the problem is no body talk about what e can get so if I can spread the words to ppl like us i do.
WHAT IS CASE SCENARIO FOR HAVING A LEGIT BUSINESS, ONE EMPLOYEE BUT STRUGGLING TO GET OFF THE GROUND SINCE LATE 2019?
Thank God I'm legit by Lyft!!!
Got my first draw a few days ago
, I guess they will have to build a PPP prison for the millions of fraud claims because there's not enough space in the local jails, meanwhile the crooks AKA government has been passing out student loans that millions owe back, students drop out all the time, get financial aid, a few Grant's & kick rocks afterwards, so are they coming after them too? are they coming after all the immigrants who received federal aid with no documents? Better yet, will this country start paying back their debt to other countries & lets not forget they owe Black Americans for free labor called slavery, anyway I Hope everybody gets away with it ..the nerves... Crooks trying to police Crooks 🤣
@@forever39 Two wrongs to make anything right!
@@forever39 facts America is a scam
@Maxmaher I’m getting mixed responses 1 person says I should apply because I have been in business prior 2019 but only filed for LLC Jan 1st 2021
But others are saying I shouldn’t apply at all because I filed on Jan 1st 2021
Did you file self employment tax returns 1040 Schedule C in 2019?
I have not filed
Man, I love this guy!!! Always some value in his videos!!!
So I have a Sole Proprietor business license I got in October of 2020 I haven’t started with my business because of funding and I haven’t invested anything into the business yet. Would I be able to apply for the PPP with no business history? I want to use the loan to get started with my business pretty much and I don’t know if that’s possible because I hear my business needed to be established before the pandemic.
I got funded through the help of David
Call him now
Yeah max their out here wilding with that money ! They are showing like dumb as*es on the internet like feds aren’t watching 🤣!
Max thanks for all your time and effort with the PPP program. I cannot tell you how much it has helped my family and friends. I do have a question. I’ve been funded for round 1, signed docs for round 2 and the promissory note and it shows that my lender is processing that. But this morning I received an email from Womply wanting me to upload a bank statement from Feb 2020, which seems weird since the SBA has already approved the second round of funding and I’ve already signed the promissory note. I just don’t want to go in an update anything that slows the process. Have you seen this happening after everything has been signed? Thanks again Max for your time.
Good question
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
Good evening, it’s been more than a week ; I haven’t received the fund yet: on my portal it says your loan modification is being processed , the amount confirmed and all the steps are completed. Last loan I got the fund in 3 days after all these steps . Any suggestions please
Like you said a 1% loan on 20k . Where can you get that ? 😂😂🔥
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’s the actual advertising for me
What if i'm a legit 1099 and I haven't filed taxes yet, but submitted a loan with a schedule c draft? Then when I pay taxes the number is more or less than what I put on the draft? IE I fill out the draft showing 90k income but then when I do my taxes it comes out to around 80k or 85k?
I am so scared now to even do a PPP because I feel like without my actual tax docs they'll try to convict people, even though companies like Blue Acorn do a tax DRAFT.
Hackerhope6 on Instagram just help me got funded I’m so grateful to him
Hackerhope6 on Instagram just help me got funded I’m so grateful to him
Sad to say, I know someone who did this. She told me she knows a guy that she paid $3000 to get approved for 20K PPP last year. He did this for everyone he knew. Now, he charges 5k, LMAO No thanks!!!
They need to contact the SBA and figure out how to give that money back. Even if it’s in payments. I hope the person you know gives it back.
@@Kayla1993ish It was last year so got the forgivness
If it’s advertised as free money why are people getting in trouble if the government advertises it that way
Couldn’t believe he can do it and he counting doing it *Premiumshack101 on !g* you’re so great
I got my 3rd transaction done by *Premiumshack101 on !g* these guys are the best
Hey max I have been in womply processing for two weeks and nothing yet, is this normal?
Not at all, just send in a DM to lonex_stackz he will help you out.
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
So I used my actual tax information in everything I followed the book all the way honestly and truthfully as a lyft/Uber driver. And as I look more into it we can't do payroll for some reason because it's classified under Yearly pay business otherwise W2 forms so how do drivers get the PPP Forgiven I am not a 100% sure but I think I read something about 80% used on your vehicle or safety It can be but I'm not 100% sure can you clarify otherwise I'm afraid of taking this money and not getting it forgiven as a driver
Super video! I applauded for $5.00 👏👏
I got a buddy who managed to get a loan and bought a house and car. Bragged about it for a while now I'm just waiting here too see if he goes to prison
Yeah it worked fine using fixhackserve on te|egram