![]() The deadline for any agent to submit an application is March 31. We are excited to have the opportunity to partner with MooveGuru and HomeKeepr to reach nearly one million real estate-based service providers around the country!” said Jimmy Flores, co-founder and president of Blue Acorn. The PPP was designed to help these business owners financially survive, stabilize and hit their stride again. This is your real estate agent, plumber, electrician, hair stylist and gardener. “Small businesses and independent contractors were negatively affected by the global pandemic. Blue Acorn PPP, LLC (Blueacorn) processed at least 14 billion in. “They already had an entire platform for real estate agents to qualify within minutes and the average agent is getting $12,500 in forgivable PPP loans. You will need to create a new login, and have your SBA Loan number and SSN / EIN ready. Partnering with Blue Acorn was the perfect match,” says Scott Oakley, CEO of MooveGuru. Blueacorn was founded in April 2020 with the goal to simplify and automate the PPP loan application process for the workers who were being overlooked by our traditional banking system. ![]() could qualify for the PPP, we set out to find the right partner to help make the process easy for any real estate agent or mortgage loan officer to qualify within 15 minutes. The extent to which you are eligible for forgiveness depends on theįorgiveness rules and regulations issued by the SBA.“When we investigated the new laws and realized that about 80% of the real estate agents in the U.S. ET Source: Facebook Blueacorn bills itself as the simplest way to apply for PPP funding, but is it actually a legit way of getting a Paycheck Protection. Not have formal business expenses that you report on your Schedule C, you will be limited to having 60% of your Please note, the SBA has limited loan forgiveness for applicants who are self-employed. The loan's status was last updated by the SBA. This loan's status is reported by the SBA as 'Paid in Full', which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. Requiring the disclosure of key individuals who own orĬontrol a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these Blue Acorn, LLC in Raleigh, NC received a Paycheck Protection Loan of 1.87M through United Community Bank, which was approved in April, 2020. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, taxĮvasion, corruption, fraud, and other financial crimes. ppploan womply login questions Blueacorn PPP Loans for Self-Employed and 1099s. Obtain, verify, and record in about the beneficial owners of legal entity customers at the time a new account is To help the government fight financial crime, Federal regulation requires certain financial institutions to Up to 3.5x monthly payroll costs for a second draw. If your business falls under NAICS code 72 (Accommodation and Food Services), you may qualify for PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any Loan forgiveness are subject to your ability to meet government-set eligibility requirements. There are no fees for applying for PPP or forgiveness. BlueAcorn does not guarantee that applications will be processed and submittedīefore PPP funds are no longer available. BlueAcorn may need additional information from you laterĪnd does not guarantee that it will be able to submit your application to the SBA based solely on the For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP loan is 3.5x the average monthly 2019 or 2020 payroll costs up to 2 million. If you applied for your PPP loan through Blueacorn, we are proud to. Qualified applications will be submitted to the SBA. Nortridge Borrower Portal - Login Login Please enter your borrower ID and password. Funds are limited, and may not be available at this time. The first round of funding ended in August of 2020. Loan agreements will identify the appropriate lender to The Paycheck Protection Program (PPP) is a 953-billion business loan program established by the federal government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020 to supplement incomes lost or reduced due to the COVID-19 pandemic. Small Business Administration ("SBA”) lenders. PPP loans are made by one or more approved Interest rates for the Paycheck Protection Program ("PPP') are at 1%. We have your information from the initial application, so the process is streamlined and easy. Amazing Support - Videos, Email and Chat Most loans under $150,000 will be able to apply for forgiveness in just about 5 minutes. We know you need these funds and while most big banks If you got PPP loan through Womply, BlueAcorn or Bluevin and you want a PPP loan forgiveness. ![]()
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