PPP Funds Fully Depleted — No. 2:21-cr-00520 (Dkt. 39-2, D. Utah)

Summary

A Lendio marketing email headed "PPP Funds Fully Depleted," filed July 26, 2022 as Document 39-2 in Case 2:21-cr-00520 in the U.S. District Court for the District of Utah. It tells the recipient that the SBA has notified banks that the $350B in initial Paycheck Protection Program funds are exhausted, and that Lendio has helped over 27,000 small businesses get approved. The email states that the recipient's application was missing data or had invalid information and was not submitted for approval, and that additional funding is under review by Congress.

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Full text

Case 2:21-cr-00520-JNP Document 39-2 Filed 07/26/22 PageID.265 Page 1 of 2



PPP Funds Fully Depleted ...
Sent via Marketing
Apr 16
Lendio sent: April :16, 2020 7:2 l PM vio Marla:•t'/i/g
to

April 16, 20:20, 7:21 PM




Hi {{ contact.firstname }},

The SBA has notified banks that the $350B in initial funds for the Paycheck Protection
Program (PPP) have been exhausted. We're proud to say that we have been able to help
over 27,000 small businesses get approved for funding·· many of which had no
opportunity to get access to PPP funds through their local bank. Unfortunately, it
appears your application was either missing data or had invalid information and
we were not able to submit it for approval. We know that this is frustrating, but the
fight is not over.

Additional funding for the program is currently under review by Congress, and it appears
there is strong bipartisan support to provide this funding. Unfortunately, Congress has
delayed the allocation of additional funds to the program. In an effort to accelerate the
approval, we have put together a petition to encourage them to take action. We invite you
to join us by .sumlruUh.e..ue.J.i tio.n.an.d..s.b.a1:i.ruu:t~i.th.:l:rie..u.d..'i....f.a.tnil~rui..1l.tlu~r. . s.malJ.
b.u.s.LUJ;h'ili-!liv.J11:J:s. that have also been negatively impacted.

Given that, what should you do next? We believe additional funds will come. To take
advantage when they do, we need you to make absolutely sure your application contains
valid information and all necessary documents. Here is a b1i.ef.w..wi.e. on how to do that.

In terms of the way forward once your app is fully complete, our CEO, Brock Blake, will
be doing a YouTube LIVE tomorrow April 17, 2020 at 12:30 pm PT/ 3:30 pm ET. We
invite you to join in for further clarity.

                                                           -
We encourage you to reach out to your Senator and Representative to ask them to take
action by allocating additional funds to the PPP program. We've put together a hlo.i,




                                                                                                                         AB0454




                                                                                                                FI-LE-ABE-01-00001.12

 Case 2:21-cr-00520-JNP Document 39-2 Filed 07/26/22 PageID.266 Page 2 of 2




letter. Text 'resist' to 50409 to make sure they know how important it is to act now.

We haven't given up and are still in your corner!


lendi




                                                                                        AB0455



                                                                                 FI-LE-ABE-01-00001.13

File and source

File

gov.uscourts.utd.129379.39.2.pdf

Size

328,514 bytes

SHA-256

4fb6f7f7571b8a066225d69c65d976f42ecaa0e1d2affcfcbdbf46dc1cdce50e

Our copy

gov.uscourts.utd.129379.39.2.pdf

Original

archive.org