Wilkins Homes loan to Fulfer is illegal contribution; Wilkins Homes also received federal PPP funds for a business they no longer own.
You think someone with business moxie would understand a loan. Yet once again, Colby Fulfer’s so-called business acumen has us scratching our heads. Here’s what we previously told you about Fulfer’s fishy financials:
1. Fulfer did not report a Statement of Financial Interest to the state, violating ethics rules
2. Fulfer received an illegal campaign contribution in the form of a loan from Wilkins Homes Inc., also violating ethics rules
Now it gets more problematic: Wilkins Homes Inc. is a Fulfer family business—one that built houses and developed property. Fulfer told Arkansas Talk Business and Politics that his dad got out of the development industry and transitioned to the funeral service industry during the housing market crash. Fulfer later took over his dad’s business. In 2019, Fulfer sold the funeral home business for a cool $2.1 million. Let’s summarize:
1. Fulfer took over father’s funeral home
2. Fulfer sold the funeral home in 2019
3. Fulfer transitioned to public job as the mayor of Springdale’s chief of staff
Now stay with us: in the summer of 2020, Wilkins Homes applied for a federal PPP loan for salary assistance—$14,400 for one employee. Wilkins Homes listed “funeral home service” as the industry. Huh. How can Wilkins Homes apply for a federal pandemic loan for a business they sold the previous year?
The current funeral home owners also applied for PPP loans in 2020—$29,132 for three employees. Seems like Wilkins Homes Inc. pulled a fast one on the federal government. And the very next year, Wilkins Homes Inc. “loaned” Colby Fulfer $20,000 to finance his campaign.
Arguably, Fulfer is using federal dollars in PPP loan assistance to fund his bid for senate.
How can Colby Fulfer possibly claim that government interference is the biggest threat to small business while using government dollars to fund a campaign? There are many red flags with the Fulfer campaign operation, yet Fulfer chooses to run on a platform of small-government, pro-business and personal responsibility. Simply put, Fulfer does not believe these values apply to him or to his campaign.