Notice: PPP ended May 31, 2021
The PPP ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief.
Learn more. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. 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.
The Paycheck Protection Program is over, but there's still aid available for small businesses. The federal government's Paycheck Protection Program provided small-business owners with just under $800 billion in COVID-19 relief, according to the U.S. Small Business Administration.
As of 5/31/2021 the SBA has disbursed $800 billion of the $813.5 billion so far appropriated by Congress to this program. As of Round Three, $6 billion, or 2 percent of Round Three PPP funding, remain available to the program.
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.
Unfortunately We Are No Longer Accepting Applications
We are currently unable to accept new applications for PPP loans, due to high volumes, limited SBA funds, and the program's upcoming 5/31 expiration.
Because Varo currently offers only personal accounts—not business accounts—we cannot accept business transactions like Paycheck Protection Programs (PPP) loans and other loans from the Small Business Association (SBA) that are intended for business purposes.
Applications for PPP loan forgiveness at Bank of America must be submitted digitally through our online PPP loan forgiveness application portal. We will not accept paper loan forgiveness applications.
BLUE ACORN, LLC is in the Custom Computer Programming Services industry, has a $1,000,000 - $2,000,000 PPP loan from United Community Bank, and has potentially retained 121 jobs.
“We are now accepting applications online for first and second-time PPP loans. I hope this will help your business. Before applying, you must: Meet the key requirements.
Paycheck Protection Program Round 2: FAQs For Nonprofits - August 2021. The Paycheck Protection Program closed on May 28, 2021. The SBA is no longer accepting new applications from participating lenders.
Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief.
The PPP application is also live and can be submitted directly with banks, credit unions, and fintech companies including Square and PayPal. Both the SBA and banks should be able to begin taking new PPP and EIDL applications in the coming days, in the wake of Congress's approval of these new funds.
Notice: COVID EIDL is no longer accepting new applications
As of January 1, 2022, we are not able to accept new applications for COVID EIDL loans or advances. The U.S. Small Business Administration (SBA) will continue to review and approve Targeted Advance applications received prior to the December 31, 2021, deadline.
SBA's COVID EIDL Program Closes on December 31, 2021: SBA Urges Small Business Owners to Apply without Delay for Agency's COVID Relief EIDL Loans and Loan Increases.
Borrowers can apply for a Second Draw PPP Loan until March 31, 2021, through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, eligible non-bank lender, or Farm Credit System institution that is participating in PPP.
We have partnered with multiple CDFIs (community development financial institutions) to process the loans. They are all backed by the FDIC, SBA registered and fully compliant with all regulations.
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/.
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