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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 ...
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There are no fees for applying for PPP or forgiveness....
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The Payment Protection Program (PPP) was a COVID-19 relief mechanism created in March 2020 by the US government as part of the CARES Act in an effort to protect small businesses and their employees from government-mandated shutdowns and the effects of social distancing measures. Blueacorn was one of a handful of companies launched during this ...
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Are there fees for applying for a PPP loan?
Can I apply for forgiveness through the SBA / blueacorn portal?
Can I trust blueacorn?
Will blueacorn be able to submit my application to the SBA?
Yes. Blueacorn is 100% safe to use and uses 256-bit Secure Encryption technology to keep your financial information and personal details safe and secure. During the pandemic, we partnered with certified SBA lenders to facilitate PPP loans directly from the SBA and the Federal Reserve. Throughout the duration of the program, we successfully ...
May 12, 2020 · Self-Employed People Get Automatic PPP loan Forgiveness - Blueacorn.co. In light of latest PPP guidelines, self-employed people and independent contractors now get the whole loan forgiven automatically. Here are the main points on full loan forgiveness for self-employed people up to $20,833.
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 ...
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 ...
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. Anyone who receives a 1099 and/or files a Schedule C is likely eligible.
