PPP Loan #1826067307
EAO STAFFING INC is a Corporation located at BROOKLYN, NY with 38 employees. During round 1 of the paycheck protection program, EAO STAFFING INC requested a PPP loan for 457920 USD. They were approved on 04/28/2020 by the SBA for an amount of 457920 USD. The loan was facilitated by Manufacturers and Traders Trust Company, BUFFALO, NY. Of the approved amount, EAO STAFFING INC has received an amount of 457920 USD for payroll proceeds.
 PPP Loan details for EAO STAFFING INC
Loan Amount 457920 USD
Current Approved Amount 457920 USD
Loan Tenure 24 months
Loan Approved on 07-09-2021
Area Code 11210
SBA Code 202
NAICS Code 561320
Lender Bank Manufacturers and Traders Trust Company
Lender Bank City BUFFALO
Lender Bank State NY
 Demographic details for EAO STAFFING INC
Race Unanswered
Ethnicity Not Hispanic or Latino
Gender Male Owned
Veteran Non-Veteran
Non Profit
Business Age New Business or 2 years or less
Jobs Reported 38

How EAO STAFFING INC Claims To Have Used Their PPP Funds of 457920 USD

As we have discussed earlier, EAO STAFFING INC received a substantial amount of money through the SBA program. But have they used it correctly? Let’s analyze.

1EAO STAFFING INC claims to have spent 457920 USD to pay salaries of 38 employees.


2EAO STAFFING INC claims to have have been honest, ethical and deserving of this PPP Loan (1826067307) of 457920 USD.


3EAO STAFFING INC claims to not have misused the PPP Loan in any ways.


These amounts were reported to the SBA by the company. Often, however, whistleblowers & employees reveal that their employers have abused their funds. If you think EAO STAFFING INC has done something nefarious, then report them here using the review box at the bottom of the page.

What Constitutes A PPP Loan Scam? 

The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people don’t lose their employment. Businesses who took out these loans could spend the borrowed sum on:

    • Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee)
    • Insurance premiums
    • Employee allowances (sick leaves, medical, parental, and vacation pay)
    • Operational expenditure
    • Utility payments
    • Mortgage interest payments

Federal authorities are aggressively targeting individuals and companies for PPP loan fraud. Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. Loans issued under the PPP carry a 1% interest rate, but the loans are completely forgivable if certain conditions are met.

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The low-cost (and potentially free) funds offered under the PPP have proven to be attractive not only to struggling businesses, but also to larger companies and scam artists. This has led to worry of widespread fraud (and a few highly-publicized cases of fraudulent PPP loan applications), and it has forced numerous federal agencies to turn their attention to combatting PPP loan fraud.

Penalties For Abusing Or Wasting The PPP Funds:

When a person is charged with PPP loan scam charges, they can face multiple civil and criminal penalties. Even a single PPP loan fraud case might involve multiple criminal laws.

You can face a penalty of up to 20 years behind bars.
  • The first charge would be wire fraud. It invokes 18 USC Sec. 1343 and involves the use of a phone or internet to scam another party by using false statements.
  • Bank fraud charges might also be filed against you. It invokes 18 USC Sec. 1344 and involves making false statements to a financial institution such as a bank. The penalty for this charge goes up to 30 years behind bars.
  • A PPP loan fraud also includes making false statements to a financial institution, a federal crime. It invokes 18 USC Sec. 1014 and its violation leads to a jail 14 of up to 30 years.
  • Finally, when you commit a PPP loan scam, you violate 18 USC Sec. 1349, conspiracy to commit fraud. It is a criminal offense when someone colludes with others in violating or attempting to violate federal laws whether they obtained money or not.
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The authorities have been rather vigilant in finding people who committed PPP loan frauds.

The above are just two instances of people getting caught by the authorities for this scam. Here’s another:

Frequently Asked Questions About PPP Loan Scam

Did EAO STAFFING INC get a PPP loan?

Yes. EAO STAFFING INC applied and was granted a PPP loan

How much PPP Loan did EAO STAFFING INC receive?

457920 USD

Where is EAO STAFFING INC located?


How much did EAO STAFFING INC's PPP loan went towards paying salaries?

As per EAO STAFFING INC, 457920 USD went towards payroll proceeds

Which bank financed EAO STAFFING INC's PPP Loan?

Manufacturers and Traders Trust Company in BUFFALO,NY financed EAO STAFFING INC’s PPP Loan

What is the term for EAO STAFFING INC's PPP loan?

24 months

How many employees were reported by EAO STAFFING INC in their PPP loan application?


How much of EAO STAFFING INC's PPP loan was forgiven?

463139.03 USD was forgiven on 06/22/2021

Footnotes and Citations

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All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. does not modify the data and makes no claims regarding its accuracy, nor will entertain any request to remove any entry.

The inclusion of a person or entity in the IIAS Database is not intended to suggest or imply that they have engaged in illegal or improper conduct related to PPP Loan (scam). IIAS intends to offer a platform where suspicious activities related to PPP loan can be shared and discussed in a secure environment. Please contact us if you find an error in the database.

What EAO STAFFING INC’s Employees and Consumers can do to report potential PPP Scam?

There is no record of EAO STAFFING INC committing any sort of PPP Scam reported anywhere. However, that can change quickly, and this page allows employees, citizens and consumers to share information on EAO STAFFING INC they are privy to, and expose any/all wrongdoings.

4.8 Total Score
User Rating for EAO STAFFING INC

EAO STAFFING INC took out a PPP loan worth $457920 for Payroll Processing for it's 38 employees. As tax-payers, we need to hold businesses accountable and ask serious questions. Our rating on EAO STAFFING INC is based on multiple factors, including publicly available information, reviews and user notifications.

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