12/30/2023 0 Comments Blue acorn ppp loan reviews![]() ![]() Prospective applicants can access the loan portal at . In collaboration with FinTech platform Blueacorn, CPF has developed an easy-to-use application wizard that automatically completes and submits all necessary documentation directly to the lender. 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. For most borrowers, the maximum loan amount of a second draw loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. Separately, the SBA has set aside $15 billion and $25 billion, respectively, for first and second draw PPP loans for borrowers with a maximum of 10 employees or for loans less than $250,000 to borrowers in low-or-moderate income neighborhoods.Įligibility for a second draw loan requires borrowers to have exhausted the remainder of their first draw loans, have no more than 300 employees, and demonstrate at least a 25% reduction in gross receipts between comparable quarters in 20. In the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act, Congress set aside $15 billion across first and second draw PPP loans for lending by community financial institutions like CPF. ![]() 11, 2021 /PRNewswire/ - Crossroads Systems, Inc. (OTCQB: CRSS) (“Crossroads” or the “Company”), a holding company focused on investing in businesses that promote economic vitality and community development, through its wholly owned subsidiary Capital Plus Financial (“CPF”), today announced that it is continuing to address potential barriers to accessing capital for minority and underserved communities by partnering with Blueacorn to provide a simple and efficient platform for small businesses across the country to apply for first and second draw Paycheck Protection Program (“PPP”) loans via the Small Business Administration (“SBA”). Thankful I got it and more thankful its over! Good luck to all.DALLAS, Jan. I woke up Tuesday morning and MY FUNDS WERE IN MY ACCOUNT! Hang in there! I would never make that shit up. As much as I wanted this to be real, they just made it hard, the folks posting scams, not legit, and get out, coupled with my own experience with the BS. A couple days later I GOT A STATUS UPDATE."TODAYS STATUS" FUNDING allow 2-4 days for funds to be in account.for 8 days funding status went to 5-7days. I reached out to agents 2 or 3 times a day each time I was told "it is 10 days from the date you signed, the next few days was its taking longer and wait 7 to 10 days to get docs.I ALREADY SIGNED them. Still no status updates! When I ask Customer service about it, they sent me a phone number to text for my status and it said documents received 3-5 days to verify docs. ![]() Stopped getting status updates, on day 6 after no documents, I reach out chat agent, said I need to give it more time, Things are backed up and there system has been down. It took 4 days for me to SBA approved with 2-4 days for documents. The process was simple, I got status updates everyday. There are reviews about every PPP lender.that is s what we do. ![]()
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