Is EAGLE PARAGLIDING INC a Scam?
EAGLE PARAGLIDING INC is a Corporation located at SANTA BARBARA, CA with 2 employees. During round 1 of the paycheck protection program, EAGLE PARAGLIDING INC requested a PPP loan for 28125 USD. They were approved on 05-01-2020 by the SBA for an amount of 28125 USD. The loan was facilitated by MUFG Union Bank National Association, SAN FRANCISCO, CA. Of the approved amount, EAGLE PARAGLIDING INC has received an amount of 28125 USD for payroll proceeds .
EAGLE PARAGLIDING INC claimed to use the loan towards salary for 2 employees totaling to an amount of 28125 USD
|Company Name||EAGLE PARAGLIDING INC|
|Street Address||415 W ANAPAMU|
|Loan Amount||28125 USD|
|Current Approved Amount||28125 USD|
|Loan Tenure||24 months|
|Loan Approved on||03/23/2021|
|Lender Bank||MUFG Union Bank National Association|
|Lender Bank City||SAN FRANCISCO|
|Lender Bank State||CA|
|Business Age||Existing or more than 2 years old|
How EAGLE PARAGLIDING INC Claims To Have Used Their PPP Funds of 28125 USD
As we have discussed earlier, EAGLE PARAGLIDING INC received a substantial amount of money through the SBA program. But have they used it correctly? Let’s analyze.
2 EAGLE PARAGLIDING INC claims to have have been honest, ethical and deserving of this PPP Loan (9916707701) of 28125 USD.
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 EAGLE PARAGLIDING 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.
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.
- 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.
The above are just two instances of people getting caught by the authorities for this scam. Here’s another:
Turning Dreams of Flight into Reality Since 1998
The Haase Family flew their Cherokee 6 to Santa Barbara for a first ever Day of Paragliding Training with Eagle Paragliding. Can a 12 year old solo paraglide on day 1 of paragliding training? Each family member faces their own unique challenges on this incredible aviation adventure. Book your family on a 1 Day Training and discover how easy it is to fly Solo.
We specialize in paraglider pilot training and paragliding continuing education. Our educational programs in Santa Barbara and around the world are renowned for their organization and execution. Our history in continually bringing together the top paragliding instructors in the sport to work as a team is unmatched. This team has been educating and guiding pilots safely since the early days of the sport. We strive to continue raising the bar for what is available and possible with respect to paragliding service and education. Honesty, and integrity are core values at Eagle. All the information presented on our web site regarding our school, experience, and staff is accurate.
We get 11 year olds, Grandmas and Grandpas, and everybody in between flying solo within the first few hours of the initial training. Imagine your first day attempting to surf, and being able to stand up getting minute long rides within a few hours of starting. That’s what you can expect with Eagle’s 1 Day Training at the best paragliding flight park in North America.
Gear Sales & Service
The Eagle Paragliding Online Paragliding Store processes orders in 24 hours Monday thru Friday. We offers free shipping in the continental United States for orders over $100. You can expect the same unmatched service we have been providing our students for years. Our full service brick and mortar paragliding shop is ready to handle all your paragliding equipment service needs.
Our elite team of certified USHPA Tandem Instructors look forward to sharing your first paragliding flight with you. We have been operating year-round seven days a week for over two decades. Tandem flight can be enjoyed by anyone under 260 pounds of any age. There is no prior experience necessary. These scenic flights are a unique life experience.
Bryan Cranston is in The Tribe
Eagle Paragilding got the call, and our team is grateful to have been hired as the paragliding unit for The Upside Motion Picture starring Bryan Cranston, Kevin Hart, and Nicole Kidman. Bryan was jazzed to fly, and wanted more. He has a place here on the South Coast, so don’t be surprised if he shows up at the flight park for some airtime. He is rocking the Eagle Paragliding T-Shirt available at The Online Eagle Paragliding Store.
Eagle Paragliding LLC
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Eagle Paragliding LLC In Santa Barbara, CA
Find information on Eagle Paragliding LLC, including this business’ SIC code(s), NAICS code(s) and General Liabilility Class code(s).
Eagle Paragliding LLC is primarily engaged in Educational Services
Eagle Paragliding LLC is located at Santa Barbara, CA 93105. If your looking for Educational Services in Santa Barbara, California – check out Eagle Paragliding LLC.
How Do I Contact Eagle Paragliding LLC In Santa Barbara, CA?
Phone: (805) 968-0980
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How Many Employees Does Eagle Paragliding LLC’s Have?
Eagle Paragliding LLC has: 1 employees at the Santa Barbara, CA 93105 location.
What is Eagle Paragliding LLC’s Revenue?
Eagle Paragliding LLC’s revenue is: $84,000
What is Eagle Paragliding LLC’s Industry?
Eagle Paragliding LLC’s industry is: Educational Services.
What is Eagle Paragliding LLC’s SIC Code?
Eagle Paragliding LLC’s SIC code is: 8299 – Professional and Management Development Training
Description for 8299 Schools and Educational Services, Not Elsewhere Classified
Establishments primarily engaged in offering educational courses and services, not elsewhere classified. Included in this industry are music schools, drama schools, language schools, short-term examination preparatory schools, student exchange programs, curriculum development, and vocational counseling, except rehabilitation counseling. Establishments primarily engaged in operating dance schools are classified in Industry 7911, and those providing rehabilitation counseling are classified in Industry 8331.
- Art schools, except commercial
- Automobile driving instruction
- Baton instruction
- Bible schools, not operated by churches
- Ceramics schools
- Charm schools
- Civil service schools
- Continuing education programs
- Cooking schools
- Curriculum development, educational
- Diction schools
- Drama schools
- Finishing schools, charm and modeling
- Flying instruction
- Hypnosis schools
- Language schools
- Modeling schools, clothes
- Music schools
- Personal development schools
- Public speaking schools
- Reading schools
- Speed reading courses
- Student exchange programs
- Survival schools
- Vocational counseling, except rehabilitation counseling
What is Eagle Paragliding LLC’s NAICS Code?
Eagle Paragliding LLC’s NAICS code is: 611512 – Flight Training
611512 – Flight Training
This U.S. industry comprises establishments primarily engaged in offering aviation and flight training. These establishments may offer vocational training, recreational training, or both.
- Aviation schools
- Flight training schools
- Flying instruction
- Schools, aviation
What is Eagle Paragliding LLC’s General Liability Class Code?
Eagle Paragliding LLC’s GL Class Code is:
General Liability Class Code(s)
What is Eagle Paragliding LLC’s NCCI Workers Compensation Class Code?
Eagle Paragliding LLC’s NCCI Class Code is:
NCCI Class Code(s)
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