#Blue acorn ppp phone number how to
#Blue acorn ppp phone number full

When the government started the Paycheck Protection Program in April 2020, it quickly found that banks, from national giants to regional players, gravitated to bigger loans to more established businesses because they were easier to make and more lucrative. Addressing that is a core mission for us.” “Tiny businesses, self-employed individuals and minority communities are left out in the cold, over and over and over. “Millions of businesses were being left out,” said Barry Calhoun, the chief executive of Blueacorn, which was founded last year solely to help companies obtain P.P.P. loans made this year, the Times analysis found. Between them, the two companies processed a third of all P.P.P. But this year, they became the breakout stars of the Paycheck Protection Program, the government’s $800 billion relief effort for small businesses. The other, Womply, founded a decade ago, sold marketing software. One of the companies, Blueacorn, didn’t exist before the pandemic. For their work, the companies stand to collect more than $3 billion in fees, according to a New York Times analysis - far more than any of the 5,200 participating lenders. Then two small companies came out of nowhere and, through an astute mix of technology and advertising - and the dogged pursuit of an opportunity that big banks missed - found a way to help those businesses. You may contact your lender at any time at 80.Though Congress approved billions in aid for small companies to help them keep paying their employees during the pandemic, there was a big problem: It wasn’t reaching the tiniest and neediest businesses. Please refer to page 4 of the attached EZ-application instructions for more information. Any other records (receipts, statements, check copies, etc.) that substantiate the other non-payroll costs listed on the application and that were incurred during the PPP covered period.are examples of substantiation documents. A payroll register, or cancelled checks if self-employed, etc. Payroll records for your PPP “covered” period that substantiate the figures entered on the application.The appropriate application, completed and signed.

#Blue acorn ppp phone number full

Each Lender has 60 days to make a determination if the application meets the full forgiveness criteria. You may apply anytime you wish after you have achieved all the criteria for forgiveness, but no later than 6 months after your PPP period has ended. The amount you are requesting forgiveness for will be reduced by the amount of any EIDL advance received (not the loan amount). How does the EIDL advance factor in to the forgiveness? You will need to provide the EIDL information. The Bank does not have access to this as the program was administered directly through the SBA. If you received an EIDL, however, you would have received an application number via e-mail. The Lender number would be located on your copy of the loan documents signed. We can provide you with the SBA and Lender PPP numbers or complete this for you. I don’t know my SBA PPP loan number, my Lender PPP loan number, and/or my EIDL application number.

#Blue acorn ppp phone number how to

We are still awaiting guidance from the SBA on how to submit the applications and receive funding to pay off your PPP. We can hold onto your application for you. You may also contact your Lender or visit When can I submit to the Bank? PPP Loan Forgiveness Application Form EZ Instructions Please refer to page 1 of the 3508EZ instructions for more information.

The same as #2 above, but the business was unable to operate at the same level prior to due to requirements issued by the CDC, OSHA, or DHHS.

This should be easy if you are a seasonal business. And, you didn’t decrease the number of employees from to the end of your PPP period.

You didn’t reduce wages for any individual by more than 25% during your PPP period compared to to.

You applied as a self-employed borrower, contractor, or sole proprietor.

You may use the EZ form if you meet one of the following criteria: There are two applications available – Form 3508EZ and a long form.