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There are no fees for applying for PPP or forgiveness. Approval and loan forgiveness are subject to your ability to meet government-set eligibility requirements. Learn more. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. If your business falls under NAICS code 72 ...
On December 27, 2020, former President Trump signed a bill providing a relief package that includes significant benefits for small businesses. The legislation authorizes a new round of Paycheck Protection Program (PPP) funding. Approximately $284 billion has been set aside for additional lending, including the ability for eligible businesses to ...
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Start Your PPP Loan Forgiveness Application. If you received a PPP loan from Blueacorn, you can have it 100% forgiven... as long as you apply for it. We make that process simple, with most borrowers able to submit and sign their application in under 5 minutes using this portal. Start Forgiveness Application.
Jun 9, 2021 · Share this article. SCOTTSDALE, Ariz., June 9, 2021 /PRNewswire/ -- Blueacorn, a leading Lender Service Provider, today announced that it has successfully processed approximately $14 billion in ...
PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. First Draw PPP loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain ...
About Us. Blueacorn connects technology and financial expertise to help small businesses, independent contractors, self-employed individuals, and gig workers with their financial needs. During the COVID-19 pandemic, Blueacorn was created with the singular purpose of democratizing the Small Business Administration’s (SBA) Payment Protection ...
Feb 15, 2020 · In order to have your PPP loan fully forgiven, you must have spent PPP funds on the following expenses DURING the covered period that you choose, between 8 and 24 weeks from the day you received PPP funds: At least 60% of loan proceeds must have been spent on payroll incurred, not necessarily paid, during the covered period you choose ...
