You may have been a small business owner when the pandemic started way back in March 2020, and subsequently were a beneficiary of the EIDL Program and/or a PPP (Paycheck Protection Program) loan. I was, and my wife was!
So why am I talking about this now, three years after the pandemic started? Well, I came across a news story that made me so angry that I felt it needed some attention and was worth changing my original plans for this episode. It involves the “F” word! No, not that “F” word, but FRAUD!
For many it was never a question of “if” fraud would happen with these programs, but “when”. And for those of us, which were probably in the majority, who aren’t at fault we should all be upset by the findings mentioned in the article. It’s putting us all in a bad light and it’s heartbreaking.
Check out the story for yourself to get a more in-depth look at the findings: https://www.sba.gov/sites/sbagov/files/2023-06/Fraud%20Landscape%20One-Pager%20June%202023.pdf
Also on this episode:
Tired of working on your small business all by yourself? Wish you could have allies and partners willing to answer your questions, pick you up when you’re struggling and celebrate when you’re winning? Check out the international small business community that is working together to beat the odds and achieve their small business goals: The Idea Collective Small Business Incubator.
And, we’d love to have you on the Pat Miller Show. Use the booking link below.
Don’t miss our newest in-person event – the Idea Collective’s Small Business Rebellion Chicago presented by Relay. On August 19, 2023 we’ll gather in Palatine, IL (Chicagoland), for one day to learn, connect and grow. Our keynote is the author of Profit First – Mike Michalowicz! Learn more about the event and snag your ticket: https://www.smallbusinessrebellion.com
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