Paycheck Protection Program Fraud in Arizona – Loan Fraud and the Law
The Paycheck Protection Program was rolled out in 2020 as a direct response to the job loss and economic hurdles caused by the COVID-19 pandemic. The program provides financial assistance to small businesses in the form of a forgivable loan for eight weeks of expenses such as payroll and rent. In order to receive this money, it was mandated that a company must maintain payroll during the pandemic.
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