This loan was approved on
and has been fully disbursed.
Macon, GA 31206-8202
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Adress Redacted Macon, GA 31206-8202
During round 1 of the paycheck protection program, Tynisha Baxter requested a PPP loan for $20,832.00. They were approved on 3/27/2021 by the SBA for an amount of $20,832.00. The loan was facillitated by Capital Plus Financial, LLC. Of the approved amount, Tynisha Baxter has received 100% of the approved amount.
The Small Business Administration (SBA) is not collecting on loans that should be paid back, citing "equity" as the reason.
The SBA's Inspector General says this will set a precedent that will encourage fraud.
A Broken Arrow man has pleaded guilty to federal charges, after his application for a Paycheck Protection Program (PPP) Loan turned out to be alleged fraud.
The man is accused of applying for a PPP loan in the name of his closed business.