Q: If you got a ppp loan ad the government is now coming to collect should you turn yourself in or can you contact someone
make arrangements to pay?
A:
If you obtained a PPP loan and the government is looking to be paid back, then one of two things happened: (a) you did not apply for PPP Loan Forgiveness or (b) the government thinks that the loan was wrongfully obtained. It could also be that this is an EIDL Loan, as opposed to one that was disbursed under the PPP.
One way or the other, you need to contact the Small Business Administration to determine what the issue is and how to resolve it. If you don't feel comfortable doing so on your own accord, then you should probably hire an attorney to do so on your behalf.
Good luck with your case!
Timothy Denison agrees with this answer
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A:
If the government is reaching out about your PPP loan, it's important to address the situation promptly. Ignoring it might lead to more serious consequences. You can contact the appropriate government agency to discuss your options and make arrangements to repay the loan.
Gather all relevant documents and information related to your loan to better understand your obligations. This will help you communicate effectively with the authorities. Consider reaching out to a legal or financial professional who can provide guidance tailored to your situation.
Taking proactive steps shows responsibility and willingness to resolve the issue. Open communication can often lead to more manageable solutions. Remember, addressing the matter now can help prevent complications in the future.
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