![]() ![]() I just want to share my experience with Blueacorn. It's looking really good, so definitely highly recommended. There's several people I've recommended it to, and so far all of them have started the process and they are actually in the stage where it's gone to the SBA to be, approved. I mean, so far, I've recommended them to probably about maybe say, seven or eight guys that I know that the owner operators, my cousin who's a concrete finisher has his business. Who? Unequivocally? Yes, there's no hesitation whatsoever. ![]() Would you recommend Blueacorn to a friend? I'm appreciative, and I just want to say thank you for it. Uh, I'm glad that you guys are doing this for the 1099 contractors such as myself, because it's hard to navigate with big businesses getting these loans and the smaller ones who need it, we can't get it. So I want to say thank you to Blueacorn your whole support team. ![]() I'm telling you, it's the best decision you could ever make. It's not gonna be a computer generated email, Give them a chance. If you have anything, any questions, send them an email, you know, on the spot where they have that you can send them, you know, contact, they will contact you back. So I would say, Go ahead – use Blueacorn It'll be the best thing you've ever done. And, you know, they don't want to be inundated with calls and they have that way that puts them behind and getting the process done, You know, for everything else. Uh, there wasn't a phone number because it's a you know, a smaller company. And like I said, they email you all the time. You just… I cannot say how happy I am to say that I went ahead and gave Blueacorn a chance and went through their process. About a week and a half later, I woke up on a Saturday morning and the funds were in the account. Like I said, 5-7 minutes, I uploaded a few things and I was done, After that it was just a matter of waiting to find out, you know? And they send you emails daily, and they let you know the whole process on what's going on. So it's not like you've got to guess to try to figure out “”Oh, am I doing this right?”” “”Am I doing that wrong?”” But it was just a seamless process. You know, they walk you through the whole thing. Um, but it was so easy in less than, you know, 5 to 7 minutes, the whole process was done, and I was just like, man, there's no way that it can't be real. I decided I said, Well, maybe, maybe not. So when I saw that, you know, it was on their ad through Facebook. I applied for the PPP loan through Blueacorn, and it was by far the easiest thing and the best decision I ever made. I'm an owner / operator, truck driver for those who don't know what it is. The extent to which you are eligible for forgiveness depends on theįorgiveness rules and regulations issued by the SBA.What was your impression of the Blueacorn PPP Process? ![]() Not have formal business expenses that you report on your Schedule C, you will be limited to having 60% of your Please note, the SBA has limited loan forgiveness for applicants who are self-employed. Requiring the disclosure of key individuals who own orĬontrol a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these Legal entities can be abused to disguise involvement in terrorist financing, money laundering, taxĮvasion, corruption, fraud, and other financial crimes. Obtain, verify, and record in about the beneficial owners of legal entity customers at the time a new account is To help the government fight financial crime, Federal regulation requires certain financial institutions to Up to 3.5x monthly payroll costs for a second draw. If your business falls under NAICS code 72 (Accommodation and Food Services), you may qualify for PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any Loan forgiveness are subject to your ability to meet government-set eligibility requirements. There are no fees for applying for PPP or forgiveness. BlueAcorn does not guarantee that applications will be processed and submittedīefore PPP funds are no longer available. BlueAcorn may need additional information from you laterĪnd does not guarantee that it will be able to submit your application to the SBA based solely on the Qualified applications will be submitted to the SBA. Funds are limited, and may not be available at this time. Loan agreements will identify the appropriate lender to Small Business Administration ("SBA”) lenders. PPP loans are made by one or more approved Interest rates for the Paycheck Protection Program ("PPP') are at 1%. We have your information from the initial application, so the process is streamlined and easy. Amazing Support - Videos, Email and Chat Most loans under $150,000 will be able to apply for forgiveness in just about 5 minutes. ![]()
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