#Ppp blue acorn reviews code#

#Ppp blue acorn reviews code#

The number listed online for Blueacorn uses an Illinois area code and was a personal line, according to the person answering. Neither could be reached Thursday after the report was released. Much of the report is dedicated to Phoenix-based Blueacorn PPP, which was co-founded in 2020 by former Channel 15 (KNXV-TV) newscaster Stephanie Hockridge Reis and her husband, Nate Reis. It also is making several recommendations to the Small Business Administration to tighten up emergency lending to prevent rampant fraud. The committee is recommending the Department of Justice use the findings from its 129-page report to investigate and prosecute the companies involved. But the report asserts fintech companies that processed applications perpetuated the fraud and sought to blame the Small Business Administration while earning hundreds of millions in fees for themselves. That tens of billions of aid dollars meant to help businesses retain workers during the pandemic were issued to ineligible companies is not new - the committee previous l y identified about $84 billion in potentially fraudulent loans. James Clyburn, D-S.C., released the incriminating report Thursday that alleges the companies intentionally approved high-dollar loans ahead of those meant to assist small mom-and-pop businesses and directed workers to ignore signs when applications were blatantly fraudulent. The Select Subcommittee on the Coronavirus Crisis, chaired by Rep. Once you fill up their application form, it will only be days away from your loan forgiveness once you qualify.A congressional panel is recommending several tech and lending companies be investigated for fraud for the way they processed billions of dollars in Paycheck Protection Program loans, including a Phoenix-based startup co-founded by a former television newscaster. If you think loan forgiveness can help you, go for it with Blue Acorn. However, they have a contact form and a complete mailing address apart from an email ID which helps users connect easily. There is no available Blue Acorn PPP number. STEP 5 – Once users press the Submit button, Blue Acorn will send the paper works to the bank.Īlso read: PPP Loan Forgiveness Wells Fargo Online Application BlueAcorn PPP Phone Number STEP 4 – Upload all the important, essential, and required documents. STEP 3 – Answer questions that the company asks you to answer. If you don’t have an account, register an account with them using your email or phone number. STEP 2- Sign in with your registered email address. STEP 1- Go to the Blue Acorn official site. To apply for the Blue Acorn PPP Loan, follow the given steps below. – Apart from that you need to also submit a copy of your driver’s license.Once you have taken the quiz and found yourself to be eligible for the loan, submit the application by filling up some information needed to be given to SBA. – How much loan money can be sanctioned to you?.– SBA funds get directly transferred to the given bank account number within 9-14 days from application.īlue Acorn has a specially designed 60-second quiz that will let you know.

– Loan approval time takes just 1-2 days when compared to more than two weeks with other big banks.– The application process takes only 5-10 minutes as opposed to more than 45 minutes for other banks.With Blue Acorn, one can have three benefits when filing for loans or PPP loan forgiveness. More money has been planned for small businesses and self-employed people as opposed to PPP Round 1 when most of the money was channelized to big corporates.Īlso read: Womply Fast Lane PPP Application Step by Step Guide PPP Round 2 got approved in December 2020 and has newer rules. For loans below $100,000, applicants would not require any personal guarantee, collateral, or credit checks, and do not even need to undergo criminal checks. Most small businesses do not realize that they qualify for forgiveness of PPP loans when the money is spent on wages, benefits, and utilities.