The Paycheck Protection Program (PPP) loans were designed to assist small businesses during the Covid Pandemic (2020-2021). The problem is many businesses that received PPP loans because of Covid-should have never received them.

As an example, long-term care facilities were some of the biggest recipients of Paycheck Protection Program loans nationwide. 

However, according to the Center of Medicare Advocacy- “Distribution of Paycheck Protection Program Loans to Healthcare Organizations in 2020,” found that nursing and residential care facilities received 25,172 PPP loans (5.6% of all PPP loans nationwide), for a total of $10,480,082,180 (18% of all PPP loans nationwide).

Nursing home staffing levels increased in only minimal ways after nursing facilities received hundreds of thousands of dollars in PPP funds. Where did the rest of the PPP money go? How did facilities spend the bulk of the $10.5 billion that they received in PPP funds?”

The Corporate Whistleblower Center has the most aggressive initiative in the nation focused on exposing owners of long-term healthcare facilities-who received $100,000s, or over a million dollars in PPP loans-but never used at least 60% of the loan proceeds on payroll.

For some reason the banks responsible for originating these loans and or the government never circled back to ensure the loan term care facility that received a PPP loan maintained staffing levels or increased staffing levels with the PPP forgivable loan program. 

If you worked at a long-term care facility in 2020-2021 and the owner of your facility received a PPP loan-loans and never applied the funds to payroll costs-please let us know who you are. The whistleblower rewards for this type of information might be substantial.