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IS NORTH COUNTRY ORTHOPAEDIC GROUP, P.C FRAUD?

4 users have flagged the PPP loan given to NORTH COUNTRY ORTHOPAEDIC GROUP, P.C, while 3 users disagree.

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NORTH COUNTRY ORTHOPAEDIC GROUP, P.C

LOAN NO . 7568507007

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$1,034,878.00

Loan Amount Approved

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147

Jobs Reported

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$889,776.00

Payroll Processed

  • This loan was approved on 4/7/2020 and has been fully dispersed.
  • The SBA forgave $1,046,219.13 of this loan on 5/21/2021.
  • This loan financed $1,034,878.00 for 147 employees at a compensation of $6,052.90/employee.

Loan Details

$1,046,219.13

Amount Forgiven

24

Months Term

4/7/2020

Date Approved

5/21/2021

Date Forgiven

$1,034,878.00

Currently Approved

Bank

Watertown Savings Bank

Bank City

WATERTOWN

Bank State

NY

Borrower Details

BUSINESS TYPE

Corporation

NON PROFIT

N/A

RACE

Unanswered

GENDER

Male Owned

BUSINESS AGE

Existing or more than 2 years old

NAICS Code

621111

ETHNICITY

Not Hispanic or Latino

VETERAN

Non-Veteran

Did NORTH COUNTRY ORTHOPAEDIC GROUP, P.C Scam $1,046,219.13 from the PPP?

When the Paycheck Protection Program (PPP) launched to save jobs during the COVID-19 crisis, it was a beacon of hope for businesses. But with over $100 billion reportedly scammed, every big loan deserves a hard look. Enter NORTH COUNTRY ORTHOPAEDIC GROUP, P.C, a company that snagged a $1,046,219.13 PPP loan. With that kind of cash, questions swirl: Did they play fair, or did they game the system? Let's break it down using the raw data and ask the tough questions.

  • 01
    The Loan Basics

    NORTH COUNTRY ORTHOPAEDIC GROUP, P.C, based at 1571 WASHINGTON ST, WATERTOWN, 13601-9304, got their loan approved for $1,034,878.00, with the same amount listed as the $1,034,878.00 and $1,034,878.00. The Loan Number is 7568507007, and it was greenlit on a dated . The $1,046,219.13 clocks in at $10,196,272.22, forgiven on May 2021

    The lender? Watertown Savings Bank, 111 Clinton St, WATERTOWN, NY.

  • 02
    Fraud Flags?

    With $100 billion scammed in the PPP, fraud? s a real ghost in the machine. Inflating employee counts or payroll was a go-to trick. So, let's poke the data:

    147 Jobs: Did they really have that many on the books, or was it a fantasy to justify $1,034,878.00?

    Payroll Proceed: $889,776.00 sounds legit for forgiveness, but was it spent on real wages or funneled elsewhere?

    Opaque Details: Unanswered demographics aren't proof of deceit, but they don't scream transparency either.

    The loan's Term is 24 months, standard for early PPP, and forgiveness suggests they met job retention rules. But with so much cash at stake? meeting rules? could mean clever paperwork, not honest effort.

  • 03
    Digging Deeper

    Watertown Savings Bank, a heavy hitter, handled this loan. They've got the chops for due diligence, but the PPP's chaos saw plenty of slips. Could NORTH COUNTRY ORTHOPAEDIC GROUP, P.C have slipped a fast one past them? We'd need payroll records, employee rosters, or a peek at their operations to know for sure. Public data on a staffing agency with 450 employees should exist? if it doesn't, that's a clue.

  • 04
    Your Move

    Here's the bottom line: The numbers don't scream fraud, but they whisper questions. Did NORTH COUNTRY ORTHOPAEDIC GROUP, P.C deserve $1034878? Did 147 jobs really hang in the balance? Was $889,776.00 in payroll legit? And why? the forgiveness $1,046,219.13?

    If you've got the inside scoop? worked there, know the business, saw the books? We want to hear from you. Drop anonymous tips. Flag this loan if it stinks. Any solid intel heads straight to federal authorities. The PPP was about saving jobs, not stuffing wallets.

    Let's make sure this $1,034,878.00 did what it was supposed to - or call it out if it didn’t?

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Report to SBA

Report NORTH COUNTRY ORTHOPAEDIC GROUP, P.C to Small Business Administration.

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Report to DOJ

Report NORTH COUNTRY ORTHOPAEDIC GROUP, P.C to Department of Justice

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Report to FTC

Report NORTH COUNTRY ORTHOPAEDIC GROUP, P.C to Federal Trade Commission

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About Us?

How We Collect and Share PPP Data

This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database. You can read more on PPP Loan Fraud at our OFFICIAL BLOG. You can also follow us on:

About Us?

About This Data

This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database.

If you are a representative of this company and believe this record is in error, contact us to let us know.

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