Route ConsultantClaiming prioritized ppp loans for ready capital if [protected]@routeconsultant.com used as referrer

F Apr 16, 2020 Review updated:

In a recent Route Consultant webinar, Spencer Patton said Ready Capital would prioritize PPP loans for applications if [protected]@routeconsultant.com was used as the referring party. Let's see, referrals as in the image attached usually benefit the referring party in some way. This questionable behavior (claim of prioritized PPP processing) is likely to be reported to the appropriate Federal agency.

Wonder what Ready Capital's existing clients think of this?

Claiming prioritized ppp loans for ready capital if [protected]@routeconsultant.com used as referrer

Responses

  • Ta
    taxpayerIV May 15, 2020

    Claiming PPP applications for FedEx contractors referred by a certain individual would be moved to front of line could be viewed as directly in conflict with Federal Register 20811 Vol. 85, No. 73 on the Paycheck Protection Program.

    It states in the guidance: Is the PPP ‘‘first-come, first-served?’’, Yes.

    Furthermore it appears this individual was quoted in a May 4 newspaper article stating "Don't feel like this is a handout or something that you should feel ashamed about taking if your business hasn't been negatively impacted by it"

    This appears to directly conflict guidance that businesses would have to be negatively impacted to accept a PPP and self certify that they were negatively impacted.

    As a tax paying citizen I felt it was my obligation to report this activity, firm, and Ready Capital to the SBA Office of Inspector General. Such a complaint can be filled at https://www.sba.gov/about-sba/oversight-advocacy/office-inspector-general

    0 Votes
  • Dk
    DK1802 Oct 05, 2020
    This comment was posted by
    a verified customer
    Verified customer

    @taxpayerIV Whatever happened with this?

    0 Votes

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