![]() ![]() BlueAcorn may need additional information from you later and does not guarantee that it will be able to submit your application to the SBA based solely on the information you provide now. If funds are available, qualified applications will be submitted to the SBA. Funds are limited, and may not be available at this time. Loan agreements will identify the appropriate lender to small businesses at signing. Small Business Administration ("SBA”) lenders. PPP loans are made by one or more approved U.S. Interest rates for the Paycheck Protection Program ("PPP') are at 1%. By accepting this agreement, you acknowledge and consent to all compensation the “business” receives from Blueacorn for this referral. Thank you for your continued patience and we hope that you have a wonderful weekend.Customer understands that the “business” may receive compensation for referring you to Blueacorn. Remember, once you have received an SBA approval number, the funds have been set aside for your business and you will move into the documentation phase. If for some reason you would like to cancel or return your PPP funds, this must also be done by working with BlueAcorn at You must submit a ticket with BlueAcorn at. As a reminder, Prestamos is unable to make any changes or provide information about your individual loan. You must verify your new account information in order to receive the replacement deposit. If you have not verified/updated your banking information with BlueAcorn, you need to reach out to them directly at. If your initial deposit was rejected by the bank and you have already verified your information with BlueAcorn, your funding will be resent to your bank starting on 5/21. Deposits will continue each business day, and by next Thursday 5/20, all borrowers who signed their loan documents through 5/13 should be funded. Update as of Friday May 14th: As of today, BlueAcorn borrowers who signed their loan documentation through 5/3 should have already received their PPP funding. The update on their facebook page said so.ĬOPIED/Pasted from (10) Prestamos CDFI | Facebook ![]() This decision is final & cannot be appealed with Blueacorn. After a careful, secondary review of the information you provided on your application, with full consideration from our lender and before any loan amount was funded to you, we have decided not to move forward with your application.ĭuring either the underwriting or funding review process, it was determined the information you provided would cause the SBA to question the validity of your application, which disqualifies you from receiving a PPP. This notice is being sent in regards to your recent application for a PPP Loan. ![]() So, does anyone know what the hell happened here? Are they just denying people at random to clear up the backlog? This doesn't make any sense as this was a PPP2 loan and I was approved by them for the first round. I submit a ticket and received a response indicating the same. We ended the chat and minutes later I received the denial email saying BA can't assist me. The rep sent me a link to verify, I verified successfully, he said the verification was a success and I again confirmed with him that I was successfully verified. Been waiting on the docusign for 2 weeks so figured to inquire about the status via the Live Chat. I was initially approved on April 29th by SBA and Blue Acorn. I'm pretty confused about what BA just did. ![]()
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