This loan was approved on 4/28/2020 and has been fully dispersed.
Smi Imaging, LLC
6900 E Camelback Rd
Scottsdale, AZ 85251-2400
Smi Imaging, LLC
Offices of Physicians (except Mental Health Specialists)
Limited Liability Company(LLC)
6900 E Camelback Rd Scottsdale, AZ 85251-2400
During round 1 of the paycheck protection program, Smi Imaging, LLC requested a PPP loan for $10,000,000.00. They were approved on 4/28/2020 by the SBA for an amount of $10,000,000.00. The loan was facillitated by Newtek Small Business Finance, Inc.. Of the approved amount, Smi Imaging, LLC has received 100% of the approved amount.
The deadline for when the SBA will stop accepting PPP loans is rapidly approaching.
Billions of dollars dispersed in the form of fraudulent PPP Loans have been identified since September 2020
The United States Attorney for the Southern District of New York, Audrey Strauss, announced today that MUGE MA, a Chinese national who lived in New York, New York, pled guilty in connection with a fraudulent scheme to obtain over $20 million in Government-guaranteed loans designed to help small businesses during the novel coronavirus/COVID-19 pandemic. MA falsely represented to the U.S. Small Business Administration (“SBA”) and at least five financial institutions that his companies, New York International Capital LLC (“NYIC”) and Hurley Human Resources LLC (“Hurley”), had hundreds of employees in connection with loan applications for relief available from the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) Program. MA was arrested on May 21, 2020, and has been jailed since that time. He plead guilty today in front of United States District Judge Richard M. Berman and is set to be sentenced on September 22, 2021, at 11:00 a.m.