herobg

IS NORTH SHORE COMPANIONS, INC. FRAUD?

7 users have flagged the PPP loan given to NORTH SHORE COMPANIONS, INC., while 1 users disagree.

isthisfraudlogo

NORTH SHORE COMPANIONS, INC.

LOAN NO . 2250927208

loanbgs

$1,098,900.00

Loan Amount Approved

loanbgs

365

Jobs Reported

loanbgs

$824,175.00

Payroll Processed

  • This loan was approved on 4/15/2020 and has been fully dispersed.
  • The SBA forgave $1,105,794.47 of this loan on 12/9/2020.
  • This loan financed $1,098,900.00 for 365 employees at a compensation of $2,258.01/employee.

Loan Details

$1,105,794.47

Amount Forgiven

24

Months Term

4/15/2020

Date Approved

12/9/2020

Date Forgiven

$1,098,900.00

Currently Approved

Bank

Busey Bank

Bank City

CHAMPAIGN

Bank State

IL

Borrower Details

BUSINESS TYPE

Subchapter S Corporation

NON PROFIT

N/A

RACE

Unanswered

GENDER

Unanswered

BUSINESS AGE

Unanswered

NAICS Code

624120

ETHNICITY

Unknown/NotStated

VETERAN

Unanswered

Did NORTH SHORE COMPANIONS, INC. Scam $1,105,794.47 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 SHORE COMPANIONS, INC., a company that snagged a $1,105,794.47 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 SHORE COMPANIONS, INC., based at 3100 Dundee Road, Suite 107, NORTHBROOK, 60062, got their loan approved for $1,098,900.00, with the same amount listed as the $1,098,900.00 and $1,098,900.00. The Loan Number is 2250927208, and it was greenlit on a dated . The $1,105,794.47 clocks in at $10,196,272.22, forgiven on December 2020

    The lender? Busey Bank, 100 W University Ave, CHAMPAIGN, IL.

  • 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:

    365 Jobs: Did they really have that many on the books, or was it a fantasy to justify $1,098,900.00?

    Payroll Proceed: $824,175.00 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

    Busey 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 SHORE COMPANIONS, INC. 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 SHORE COMPANIONS, INC. deserve $1098900? Did 365 jobs really hang in the balance? Was $824,175.00 in payroll legit? And why? the forgiveness $1,105,794.47?

    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 $1,098,900.00 did what it was supposed to - or call it out if it didn’t?

loanbgs

Report to SBA

Report NORTH SHORE COMPANIONS, INC. to Small Business Administration.

Click Here
loanbgs

Report to DOJ

Report NORTH SHORE COMPANIONS, INC. to Department of Justice

Click Here
loanbgs

Report to FTC

Report NORTH SHORE COMPANIONS, INC. to Federal Trade Commission

Click Here

Would you like this case removed from IsThisFraud?

Comments

PPP Loans

Similar profiles you may like

Thousands of PPP loans have been flagged due to potential fraud or misuse. These cases are under investigation and may result in further legal action or loan recovery.

loanbgs

AZ

NORTH SHORE CLOSETS AND CABINETRY, INC

  • Loan Number
  • :
  • 2314827703
  • Loan Amount
  • :
  • $168,457.00
  • Jobs Reported
  • :
  • 17
loanbgs

AZ

NORTH SHORE COMMERICAL AND RESIDENTIAL SERVICES LLC

  • Loan Number
  • :
  • 1433118304
  • Loan Amount
  • :
  • $505,233.47
  • Jobs Reported
  • :
  • 138
loanbgs

AZ

NORTH SHORE COMMUNITY ACTION PROGRAMS

  • Loan Number
  • :
  • 1173048604
  • Loan Amount
  • :
  • $181,612.00
  • Jobs Reported
  • :
  • 97
loanbgs

AZ

NORTH SHORE COMMUNITY DEVELOPMENT COALITION, INC.

  • Loan Number
  • :
  • 6925047005
  • Loan Amount
  • :
  • $302,451.05
  • Jobs Reported
  • :
  • 21
loanbgs

AZ

NORTH SHORE COMMUNITY HEALTH INC

  • Loan Number
  • :
  • 5109107007
  • Loan Amount
  • :
  • $1,949,400.00
  • Jobs Reported
  • :
  • 140
loanbgs

AZ

NORTH SHORE COMMUNITY SCHOOL

  • Loan Number
  • :
  • 3855208306
  • Loan Amount
  • :
  • $419,287.50
  • Jobs Reported
  • :
  • 52
loanbgs

AZ

NORTH SHORE COMPANIONS, INC.

  • Loan Number
  • :
  • 2250927208
  • Loan Amount
  • :
  • $1,098,900.00
  • Jobs Reported
  • :
  • 365
loanbgs

AZ

NORTH SHORE COMPASSIONATE CARE, LLC

  • Loan Number
  • :
  • 9245907003
  • Loan Amount
  • :
  • $436,592.00
  • Jobs Reported
  • :
  • 92
loanbgs

AZ

NORTH SHORE COMPONENTS, INC.

  • Loan Number
  • :
  • 2585037203
  • Loan Amount
  • :
  • $355,542.00
  • Jobs Reported
  • :
  • 24
loanbgs

AZ

NORTH SHORE CONGREGATION ISRAEL

  • Loan Number
  • :
  • 6261397208
  • Loan Amount
  • :
  • $444,726.00
  • Jobs Reported
  • :
  • 90
loanbgs

AZ

NORTH SHORE COSMETIC & IMPLANT DENTISTRY

  • Loan Number
  • :
  • 9575717204
  • Loan Amount
  • :
  • $157,088.56
  • Jobs Reported
  • :
  • 15
loanbgs

AZ

NORTH SHORE COSMETIC AND IMPLANT DENTIST

  • Loan Number
  • :
  • 2431538607
  • Loan Amount
  • :
  • $268,080.00
  • Jobs Reported
  • :
  • 15
itsdivbg

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.

Contact Us
itfbiglogo