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Within 10 months
- Forgiveness must be requested within 10 months of the disbursement of your PPP loan. After 10 months you will be required to start making payments on your outstanding loan amount. Your lender will contact you directly after 10 months to arrange payment and service for your loan account.
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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.
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PPP borrowers are eligible for up to 2.5x monthly payroll...
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PPP borrowers are eligible for up to 2.5x monthly payroll...
- Who gets automatic PPP Loan forgiveness
In light of latest PPP guidelines, self-employed people and...
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Forgiveness must be requested within 10 months of the...
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Feb 15, 2020 · Forgiveness must be requested within 10 months of the disbursement of your PPP loan. After 10 months you will be required to start making payments on your outstanding loan amount. Your lender will contact you directly after 10 months to arrange payment and service for your loan account.
This guide will explain all sections of the SBA released form 3508 and show you how to fil it out to get your PPP loan forgiven. Download for FREE!
PPP was a cornerstone program of the CARES Act, intended to help employers keep their employees on their payroll by covering up to two months of their payroll expenses with a loan that could be completely forgiven if it was spent in accordance with the program’s guidelines.
If you applied for your PPP loan through Blueacorn, we are proud to announce that you are now able to apply for forgiveness through our new portal! You will need to create a new login, and have your SBA Loan number and SSN / EIN ready. It should take about 5 minutes, and can be done on any device.