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The SBA reopened PPP applications for a third round on January 11, 2021, and that round of funding extended until May 31, 2021. Currently the PPP program is closed and not accepting any new applications.
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 ...
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Step by step instructions to fill out Form 3508. How to manage payroll costs, mortgage, rent and more. How to determine the Salary/Hourly Wage Reduction. PPP Schedule Worksheet. Employee and self-employed workers specifications. Detailed PPP Loan Forgiveness Calculation Form. About blueacorn and MÁS VALE SABER.
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.
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 ...
