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To: BurgessKoch

In addition to family members on payroll, Hire other people like independent contractors and put them on payroll to do jobs that you always wanted to do. Upgrade computers, paint walls, start marketing and sales programs, business consultants, financial planners, inventors. Think outside the box. It’s a gift, if you can’t use it for employees use it for something else. Once that is done, hire best back at higher pay.


17 posted on 04/22/2020 7:21:44 PM PDT by Raycpa
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To: Raycpa

That’s a good way to:

1) have to pay the money back, and
2) go to prison for defrauding a federal loan program

The rules on these PPP Loans are loose, but very specific.

The money must be used for business payroll, rent/mortgage payments and utility bills only.

To do what you suggest, would not only require loan repayment, but certainly lead to a criminal investigation. The SBA will certainly be auditing/policing these loans usage after the fact.


51 posted on 04/22/2020 7:57:02 PM PDT by Reagan80 ("In this current crisis, government is not the solution to our problems, government IS the problem")
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