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IS NORTH PARK OPHTHALMOLOGY, PC FRAUD?

3 users have flagged the PPP loan given to NORTH PARK OPHTHALMOLOGY, PC, while 3 users disagree.

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NORTH PARK OPHTHALMOLOGY, PC

LOAN NO . 4510577010

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$254,800.00

Loan Amount Approved

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21

Jobs Reported

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$254,800.00

Payroll Processed

  • This loan was approved on 4/3/2020 and has been fully dispersed.
  • The SBA forgave $256,314.64 of this loan on 11/19/2020.
  • This loan financed $254,800.00 for 21 employees at a compensation of $12,133.33/employee.

Loan Details

$256,314.64

Amount Forgiven

24

Months Term

4/3/2020

Date Approved

11/19/2020

Date Forgiven

$254,800.00

Currently Approved

Bank

Dollar Bank, A Federal Savings Bank

Bank City

PITTSBURGH

Bank State

PA

Borrower Details

BUSINESS TYPE

Subchapter S Corporation

NON PROFIT

N/A

RACE

Unanswered

GENDER

Unanswered

BUSINESS AGE

Existing or more than 2 years old

NAICS Code

621320

ETHNICITY

Unknown/NotStated

VETERAN

Unanswered

Did NORTH PARK OPHTHALMOLOGY, PC Scam $256,314.64 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 PARK OPHTHALMOLOGY, PC, a company that snagged a $256,314.64 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 PARK OPHTHALMOLOGY, PC, based at 5900 Corporate Drive, Suite 150, PITTSBURGH, 15237-7004, got their loan approved for $254,800.00, with the same amount listed as the $254,800.00 and $254,800.00. The Loan Number is 4510577010, and it was greenlit on a dated . The $256,314.64 clocks in at $10,196,272.22, forgiven on November 2020

    The lender? Dollar Bank, A Federal Savings Bank, 20 Stanwix Street, 18th Floor, PITTSBURGH, PA.

  • 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:

    21 Jobs: Did they really have that many on the books, or was it a fantasy to justify $254,800.00?

    Payroll Proceed: $254,800.00 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

    Dollar Bank, A Federal 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 PARK OPHTHALMOLOGY, PC 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 PARK OPHTHALMOLOGY, PC deserve $254800? Did 21 jobs really hang in the balance? Was $254,800.00 in payroll legit? And why? the forgiveness $256,314.64?

    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 $254,800.00 did what it was supposed to - or call it out if it didn’t?

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Report to SBA

Report NORTH PARK OPHTHALMOLOGY, PC to Small Business Administration.

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Report to DOJ

Report NORTH PARK OPHTHALMOLOGY, PC to Department of Justice

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Report to FTC

Report NORTH PARK OPHTHALMOLOGY, PC 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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