I will be filing a complaint with the U.S Treasury and the Attorney General of the state to get answers. Further harming consumers like this during a national crisis is unjustifiable. During the COVID-19 pandemic, Blueacorn was created with the singular purpose of democratizing the Small Business Administration’s (SBA) Payment Protection Program (PPP) by acting as a lender service provider for the smallest of small businesses. I can see so many people are going through the same thing with this company. BlueAcorn does not guarantee that applications will be processed and submitted before PPP funds are no longer available. This company procedures and policies is unfair and very deceptive. The SBA claims that I am approved and should have received the funds. I’m still in the database that I received the loan. I was told an adverse action has been taking and I was denied and that was final without any explanation as to why. When I reached out to see why they didn’t fulfill their promise. I made many attempts to speak to someone regarding this issue to be told by their agents that my file has been check and everything looks good for funds to be disbursed. I was told I would receive my funds within the week but never have. I was approved on and signed all of the documents. ![]() The extent to which you are eligible for forgiveness depends on the forgiveness rules and regulations issued by the SBA.I applied for a loan with Blueacorn under the CARES Act. Per SBA rules, if you do not have formal business expenses that you report on your Schedule C, you will be limited to having 60% of your loan forgiven. Please note, the SBA has limited loan forgiveness for applicants who are self-employed. Requiring the disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes. The company leverages its expertise in end-to-end strategy, design, engineering and data analytics to build impactful customer experiences, enabling client companies to transform digitally, mitigate risks, manage change and achieve success in their. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Operator of a digital customer experience company intended to solve problems and delivers results. To help the government fight financial crime, Federal regulation requires certain financial institutions to obtain, verify, and record in about the beneficial owners of legal entity customers at the time a new account is opened. 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. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. Approval and 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 submitted before PPP funds are no longer available. BlueAcorn may need additional information from you later and does not guarantee that it will be able to submit your application to the SBA based solely on the information you provide now. ![]() If funds are available, qualified applications will be submitted to the SBA. Status, Drivers, Developing Plans, Restraints, trending technologies. Funds are limited, and may not be available at this time. ![]() Loan agreements will identify the appropriate lender to small businesses at signing. Small Business Administration ("SBA”) lenders. PPP loans are made by one or more approved U.S. Search for PPP loan applications by organization, lender, zip code and business type. Interest rates for the Paycheck Protection Program ("PPP') are at 1%. By accepting this agreement, you acknowledge and consent to all compensation the “business” receives from Blueacorn for this referral. Customer understands that the “business” may receive compensation for referring you to Blueacorn.
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