Loans issued under the PPP carry a 1% interest rate, but the loans are completely forgivable if certain conditions are met. Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. Employee allowances (sick leaves, medical, parental, and vacation pay)įederal authorities are aggressively targeting individuals and companies for PPP loan fraud.Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee).Businesses who took out these loans could spend the borrowed sum on: The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people don’t lose their employment.

If you think BLUE ACORN, LLC has done something nefarious, then report them here using the review box at the bottom of the page. Often, however, whistleblowers & employees reveal that their employers have abused their funds. These amounts were reported to the SBA by the company. Several individuals have reached the company for help but none of them have witnessed any improvement.3 BLUE ACORN, LLC claims to not have misused the PPP Loan in any ways.

So, we would suggest you that do not waste your time, energy and resources.Īlso read about Effuel Scam Final VerdictĪfter doing an extensive research, we have come to the conclusion that the Blue Acorn Company is a doubtful company. Filling out application continued.Example of how you fill out the PPP Small business administration loan form as a sole proprietor on Blue Ac. The site has never contacted any client and nobody has shared a positive response so far.Īdditionally, the website is dubious and lacks all essential information like, the contact number. For your information, the trust score we found is just 5% and is very low.įinally, after considering all the surveys, inquiries and client reviews, we have reached to the final conclusion that this website is not trustworthy. So, we checked the trust score for the site. After looking at all the above facts, we were hesitant about the legitimacy of the site. If you have applied for a PPP loan but have not yet received SBA approval, we will continue to process your application & keep you updated on the status. Most of the people consider this site dubious.įurthermore, the site hasn’t provided any credit number and people so far have not got any response related to their credit sum. After further exploration, we found that most of the players haven’t got any response from the site subsequent to applying. Is Blue Acorn Ppp Loans LegitĪfter probing about this we have come to the conclusion that it is a newbie. The best thing about this site is that, you don’t have to pay even a single penny for all the process. One you have provided all essential information, the rest of work will be shipped off the bank for the most obvious opportunity with regards to endorsement. In the later step you have to transfer all essential archives.

Then you have to fulfill all the other requirements that may include some inquiries. Initially you have to go to the official site of this authority and provide your email address. To get your credit soon, you have to apply on the website of Blue Acorn. Theyre a family run business based on the edge of the Lake District. Most of the people are thinking this way, and it’s really a good thing to do prior research before putting your energy and resources into anything. Blue Acorn is a brand dedicated to bringing inspiring materials to creative people. Yes you heard it right they will not charge you a single penny.īut knowing that, they do not charge you for assembling your advance, you might not believe its legitimacy. This organization will do all the processes for your credit at zero expense. Blue oak seed is an organization that helps people get their PPP credit smoothly.

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