Tenn. U.S. Attorney: Mount Zion Baptist Church Agrees to Pay Over $70,000 to Settle Allegations of Misusing Paycheck Protection Program Loan Funds
June 06, 2024
June 06, 2024
NASHVILLE, Tennessee, June 6 -- The office of the U.S. Attorney for the Middle District of Tennessee issued the following news release:
Mount Zion Baptist Church ("MZB") has agreed to pay $70,464.39 to settle civil claims that it misused a Paycheck Protection Program ("PPP") loan. This agreement resolves allegations that MZB unjustly enriched itself by improperly using the PPP loan to make mortgage principal payments in violation of the PPP regulations.
Mount Zion Baptist Church ("MZB") has agreed to pay $70,464.39 to settle civil claims that it misused a Paycheck Protection Program ("PPP") loan. This agreement resolves allegations that MZB unjustly enriched itself by improperly using the PPP loan to make mortgage principal payments in violation of the PPP regulations.