![]() ![]() 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. I can see so many people are going through the same thing with this company. This company procedures and policies is unfair and very deceptive. The SBA claims that I am approved and should have received the funds. People have been asking for 'blue acorn PPP reviews' to see if we're. I’m still in the database that I received the loan. ![]() During the pandemic, we partnered with certified SBA lenders to facilitate PPP loans directly from the SBA and the Federal Reserve. I was told an adverse action has been taking and I was denied and that was final without any explanation as to why. How do I long into Blue acorn portal Anyone has a link Close. Blueacorn is 100 safe to use and uses 256-bit Secure Encryption technology to keep your financial information and personal details safe and secure. ![]() 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. ![]() she also stated you must verify identity before providing your PPP loan info : ACCOUNT info FEES FEES AND MORE FEES will. If you have not created a ticket yet then please use the button below. I was told I would receive my funds within the week but never have. I spoke with a 24/ Hour Dash Customer Service Representative from (HAD to go thru the lost or stolen debit card CALL route / call center line and she informed me that BLUE ACORN has sent cards to PPP recipients this week and will arrive in 7-10 BUSINESS DAYS. Login Login to track your existing support requests or login using Username or Email Password Remember me Forgot password Login If you have already submitted a request please login to view an update on your ticket. I was approved on and signed all of the documents. Blueacorn saw enormous demand during this period, ultimately supporting 808,000 small business owners / sole proprietors via disbursement of $12.5 billion in SBA PPP funds.īlueacorn’s borrowers were the people who keep our economy running and weave together the fabric of our communities: beauty salon owners, truck drivers who are operating their business off their phone in between stops, our favorite local coffee shops and restaurants that define our neighborhoods, residential construction workers, rideshare or taxi drivers, landscapers, and local delivery workers, among a variety of other professionals.I applied for a loan with Blueacorn under the CARES Act. Many were also unwilling to lend to individuals altogether.īlueacorn was founded in April 2020 with the singular purpose of advancing the original mission of PPP by democratizing access to loan relief for America’s small businesses, independent contractors, and self-employed workers – groups who are often overlooked by our traditional banking system and could not seek relief through the traditional PPP channels.Īs a fintech lender service provider, Blueacorn partnered with the Small Business Administration (SBA) and CDFIs to facilitate the application for and fulfillment of PPP loans predominantly for businesses and workers who qualified as independent contractors, self-employed individuals, freelancers, and gig workers. 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. However, due to the structure of the program, it became clear that there was a growing divide when it came to loan disbursement, with lenders prioritizing applications for clients who would take out the largest loans and bring in the highest fees. Interest rates for the Paycheck Protection Program ('PPP') are at 1. The launch of PPP was met with enormous demand and the program was renewed two times to meet the flood of applications. PPP was designed to be an intentionally untargeted program with limited safeguards in place so as to prioritize reaching those in need as quickly as possible. Given the severity of the threat posed by COVID-19, the government sought to create a program that focused on speed and access. PPP was a cornerstone program of the CARES Act, intended to help employers keep their employees on their payroll by covering up to two months of their payroll expenses with a loan that could be completely forgiven if it was spent in accordance with the program’s guidelines. ![]()
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