Search results
- As a fintech lender service provider, Blueacorn partnered with the Small Business Administration (SBA) and CDFIs to facilitate the application for and fulfillment of PPP loans predominantly for businesses and workers who qualified as independent contractors, self-employed individuals, freelancers, and gig workers.
blueacorn.co › about-ppp
People also ask
Who is eligible for the PPP?
Can I apply for PPP forgiveness through blueacorn?
Does blue acorn help self-employed & 1099s qualify for a PPP loan?
How much payroll does a PPP loan cost?
What is the PPP? 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.
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 (Accommodation and Food Services), you may qualify for up to 3.5x monthly payroll costs for a second draw. All second draws are limited to $2M.
Blue acorn helps self-employed and 1099s qualify for a Forgivable PPP loan from the SBA. We've helped 100,000+ customers, and have 100s of 5 star reviews.
Eligibility. The PPP allows small businesses and independent workers to apply for low-interest private loans to help pay for their payroll and other costs. As well as businesses, individuals like your contractors and commission-based workers, are eligible for PPP funds.
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.
Jun 9, 2021 · "Blueacorn's mission is to help the backbone of the American economy -- small businesses, independent contractors and the self-employed -- gain access to the PPP funding they are eligible for...
Yes, owner salary and employee salary are eligible ways to spend PPP funds. If I pay my bills using my funds, will I still get forgiven? If you can show documentation that you paid payroll and business operating expenses during the covered period, your loan can be partially or fully forgiven.
