#BLUE ACORN PPP PHONE NUMBER FULL#
The business must have previously received a PPP loan and used the full amount only for authorized uses. To qualify, companies must meet the following criteria: Ultimately, this means the second-draw loans are much more targeted. The second-draw PPP’s purpose is to offer financial assistance to businesses that were hit especially hard by COVID-19 disruptions. What businesses are eligible for second-draw PPP Here are six things companies need to know about second-draw PPP loans. The terms and restrictions for second-draw PPP loans are not the same as for first-time PPP loans, so businesses should be well aware of the changes before applying. Applications for second-draw PPP loans will be open until May 31, 2021, or until the money allocated for the program runs out. In 2021, many of those same businesses now have the opportunity to apply for a forgivable second-draw PPP loan, which can provide more short-term assistance.įollowing new coronavirus stimulus legislation passed in December 2020, the Small Business Administration (SBA) began accepting applications for second-draw PPP loans on January 13, 2021. businesses as a way to help them make it through the coronavirus crisis. In 2020, the federal government’s Paycheck Protection Program (PPP) provided forgivable loans to more than 5 million U.S. For more information on other grants, loans and programs available to small businesses, please see these articles:ģ0+ Grants, Loans and Programs to Benefit Your Small BusinessĪ Practical Guide to Funding Your Small Business with Business Loansįor more on stimulus aid still available, see our main story here. PPP applications are no longer being accepted. Updated 6/1/21: The PPP loan application portal is closed. I want the signing docs and the subsequent funds today.Following new coronavirus stimulus legislation passed in December 2020, the SBA began accepting applications for second-draw PPP loans on January 13, 2021. Really poor communication, false advertising (they advertise a week turnaround time.) Luckily my funds are locked in for me at this point, but I could’ve used them 40x over by now. Most recently there was “a glitch in the system” that they “fixed” and I should have it in a few days. I did get in touch with a representative a few times, each telling me just a few more days. Then they said next part is to sign the docusign and I should get that a few days from then. 
I updated it with them and they resubmitted and it was approved in 2 days. After over a month I finally got a customer service rep to message me back that the SBA loan was rejected ( for reference it usually takes a day or 2 for the SBA to send the automated response) because I put my SSN instead of my EIN (which is what I applied for the first draw with). I applied with my simple schedule c, which has no employees, March 20th. I feel like I’ve been scammed and rooted honestly because once approved by the sba the lender pays the loan amount and then is reimbursed buy the block grants given by the SBA to the lender so why the hell am I waiting on the SBA to send me my funds when I’m dealing with a bank !!!! At least that’s what I was red on the site when I put in my application with them. I’ve already received my plp number from the sba and everything and blue acorn was supposed to bypass all these problems by being a direct lender and so could get the ppp loan funded faster than other companies. But if I wait 10 days the funds will be deposited into my account. It now not their area and don’t know anything about it. Then told me my loan funds were already deposited and to watch my account but when I asked when and what method was used for depositing the funds I began getting pass pawned like a mf! Now suddenly no one can tell me anything about the deposit my loan nothing.
They just keep saying the SBA is not releasing the funds. The site say funded in 5 to 7 days but its been 2 weeks for me now and still no funds.
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