Loans issued under the PPP carry a 1% interest rate, but the loans are completely forgivable if certain conditions are met. Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. Now chairman and CEO of the Tunnel to Towers Foundation, Siller has walked through six states in as many weeks as a way to honor those who died on 9/11 through what has been named the 'Never. Employee allowances (sick leaves, medical, parental, and vacation pay)įederal authorities are aggressively targeting individuals and companies for PPP loan fraud.Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee).Businesses who took out these loans could spend the borrowed sum on: The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people don’t lose their employment. ![]() If you think STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION has done something nefarious, then report them here using the review box at the bottom of the page. Often, however, whistleblowers & employees reveal that their employers have abused their funds. ![]() These amounts were reported to the SBA by the company. If you would like to become a donor, volunteer, or sponsor, please reach out to STEPHEN'S STORY Firefighter Stephen. ![]() Honoring the sacrifices of those that protect our community and country by providing mortgage-free homes to families of fallen first responders, Gold Star families, and catastrophically injured veterans. 3 STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION claims to not have misused the PPP Loan in any ways. Tunnel to Towers Foundation 4,654 followers on LinkedIn.
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