Question: What Is Blue Acorn

Blue Acorn iCi is the leading digital customer experience company pioneering what’s possible through the convergence of analytics, digital commerce, customer experience, and experience-driven commerce offerings.

Is Blue Acorn trustworthy?

As of April 26, 68 percent of Trustpilot user reviews of Blueacorn rated the company as “bad,” which is the lowest rating possible on the website. “This place is an absolute scam,” one reviewer wrote on the site in all caps that day. “If you run [a] business, steer clear.”Apr 27, 2021.

Do you have to pay back Blue Acorn?

The loan is 100% forgiven (you don’t have to pay it back) if you follow the guidelines and use the money over the next eight weeks to pay yourself and make rent or utility payments, for example. Blueacorn will guide you through the process and make it as easy as possible to apply and get funded.

Who is blue acorns lender?

This information is published by the U.S. Treasury and not SBA.com®.BLUE ACORN, LLC. Loan Amount Range $1,000,000 – $2,000,000 Is non-profit No Jobs Retained 121 Date Approved 2020-04-14 Lender United Community Bank.

Is Blue Acorn a forgivable loan?

The Paycheck Protection Program has always provided loans that could be completely forgiven if the borrower requested forgiveness and was approved by the lender and the SBA. If you don’t apply for forgiveness, or you are not approved, you still need to pay back the loan you took out.

Is Blue Acorn still accepting applications?

Unfortunately We Are No Longer Accepting Applications We know how important it is to keep the backbone of the American economy running. We are doing all we can to advocate for another round of PPP, to get you the funds you need and deserve.

How do I cancel my Blue Acorn PPP loan?

If your application has not been submitted to the SBA and you want to cancel your Second Draw PPP loan application within QuickBooks Capital, send an email to PPP-cancel@intuit.com.

How long does Blue Acorn take to get approved?

With these additional procedures in place you can expect a total process timeline (from application to funding) of approximately 21 days on average. If you would like additional support or would like to withdraw your application you can do so easily by going to blueacorn.co/support and creating a ticket.

Can I go to jail for PPP loan?

Small Business Administration.” The Small Business Administration (SBA) is the agency responsible for administering the PPP. Violations of Section 1014 carry the potential for up to a $1 million fine and 30 years of federal imprisonment.

Does Blue Acorn give second draw?

Loan agreements will identify the appropriate lender to small businesses at signing. 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. All second draws are limited to $2M.

What is the Blue Acorn PPP?

Blueacorn is connecting technology and financial expertise to streamline the PPP application process for small businesses, independent contractors, and the self-employed. We’ve partnered with a non-profit community bank to help small businesses secure the funds meant to support them.

What documents are needed for Blue Acorn PPP?

To apply, you must have the following: Driver’s License for all owners with more than 20% share in your business. Bank Statements from 2019 and/or 2020. Have you registered your business with the state? Have you received a 1099 in 2019?.

How do I pay back a PPP loan?

The website you can use to repay your EIDL loan can be found at Pay.gov. You must have your 10-digit loan number and a payment amount in order to pay it back. There is no prepayment penalty but it is possible a minimal amount of interest has accrued from the time the loan was disbursed.

How do I get in touch with Blue Acorn PPP?

If you are trying to reach blueacorn.co regarding your PPP application, you can do so at support@blueacorn.co or via https://blueacorn.co/support/.

Is Blue Acorn PPP forgivable?

Self-Employed People Get Automatic PPP loan Forgiveness – Blueacorn.co. In light of latest PPP guidelines, self-employed people and independent contractors now get the whole loan forgiven automatically.

Is Blue Acorn A CDFI?

Crossroads’ subsidiary, Capital Plus Financial (CPF), is a certified Community Development Financial Institution (CDFI) and certified B- Corp, which supports Hispanic homeownership in Texas.

Who is not eligible for PPP?

In general, if the applicant or the owner of the applicant is the debtor in a bankruptcy proceeding, either at the time it submits the application or at any time before the loan is disbursed, the applicant is ineligible to receive a PPP loan.

Are any banks still accepting PPP applications?

Citibank. The major bank is still processing and accepting PPP loan applications in anticipation of the SBA program receiving more funding. It is taking them only from existing small business banking clients. You can find more information and updates here.

Where Is Blue Acorn located?

Blue Acorn, LLC is located in Charleston, SC, United States and is part of the Management, Scientific, and Technical Consulting Services Industry.

Will there be PPP Round 3?

A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. Business owners can still apply for an EIDL loan but PPP loans are no longer available.

Do you have to pay back the PPP loan?

Yes. PPP loans (the full principal amount and any accrued interest) may be fully forgiven, meaning they do not have to be repaid. If you do not apply for forgiveness, you will have to repay the loan.

How long do you have to pay the PPP loan back?

The entire loan is due in two years (if you were approved before June 5, 2020) or five years (if you were approved after June 5, 2020). In both cases, you can repay early without any prepayment penalties or fees. What are the terms of a PPP loan? All PPP loans carry an interest rate of 1.0%.

Is the PPP loan legit?

Be wary of any individuals demanding immediate payment or asking that you make immediate contact to be eligible for a PPP loan. These are likely scammers.