walks you through this process & explains exactly what you need and how to get it.īlueacorn was built to simplify and expedite the PPP application process at zero cost to the business owner. If you haven’t filed your taxes, there’s no need to worry. The type of form you have to submit depends on the type of business you own.
If yes, we’ll need a copy of your payroll report, which details all full-time employees and their payroll costs, including their names and eligible compensation. Blueacorn bills itself as the simplest way to apply for PPP funding, but is it actually a legit way of getting a Paycheck Protection Program loan Well, Blueacorn had an F rating from the.Does your business run payroll through a Payroll Processor like Intuit or Quickbooks? To ensure increased access to PPP funds for minority, underserved, veteran, and women-owned business concerns, the SBA is accepting applications only from community financial institutions for at least the first two (2) days following the reopening of the loan portal on January 11, 2021.If no, that’s ok too! We won’t ask you for this! They probably are making some ppp loans to people but they are also committing large amounts of ppp loans by identity fraud.They were paid 37 to 55 per hour, or on a per-application basis from 2 to 8 per. If yes, then we’ll need your Articles of Organization. Blueacorn used third-party companies and contractors to process, the company told investigators in a letter.Have you registered your business with the state?.Driver’s License for all owners with more than 20% share in your business.To ensure your loan is 100% forgiven, there are specific rules on how you can spend the money. Since you have to sign for the loan before the money is transferred into your account, it’s safe to say you should be OK. If you do apply at more than one lender, just remember: you can only accept one round of funding. The lender will let you know when that happens! It’s OK to apply for a PPP loan through multiple lenders & we suggest you do!īut, make sure to communicate with each lender, once your application has been sent to the SBA & assigned an SBA number.
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