This loan was approved on 4/28/2020 and has been fully dispersed.
On Q Financial, Inc.
615 S. River Dr., Ste. 170 Tempe, AZ 85281
On Q Financial, Inc. is a Other Activities Related to Credit Intermediation Subchapter S Corporation located at 615 S. River Dr., Ste. 170 Tempe, AZ 85281 with 481 employees.
During round 1 of the paycheck protection program, On Q Financial, Inc. 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 Midfirst Bank. Of the approved amount, On Q Financial, Inc. has received 100% of the approved amount.
No related loans found.
Billions of dollars dispersed in the form of fraudulent PPP Loans have been identified since September 2020
According to the Philadelphia Business Journal, the owner of a Philadelphia construction company is facing fraud charges for allegedly falsifying information on a Paycheck Protection Program loan application in order to obtain nearly $1 million, which he used to purchase a variety of big-ticket items, including a new house in Florida.
A Cattaraugus County man with prior felony fraud convictions and an Oklahoma woman have been charged with bank fraud and other crimes in connection with what federal prosecutors describe as an illegal scheme to obtain nearly $1 million through the federal government's Covid-19 relief Paycheck Protection Program.