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. 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).The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan. Office Manager at artstudio 101 Scottsdale, Arizona, United States 52 followers 51 connections Join to view profile artstudio 101 Activity Redbud Redbuds will start to bloom in about a month. Businesses who took out these loans could spend the borrowed sum on: Artstudio 101 LTD is a limited liability company (LLC) located at 5103 E Thomas Rd in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of in February, 2021. 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 ARTSTUDIO 101 LTD 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. Good morning, and welcome to the Essential California newsletter. 3 ARTSTUDIO 101 LTD claims to not have misused the PPP Loan in any ways.
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