Existing borrowers may be eligible for PPP loan forgiveness. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. I will be filing a complaint with the U.S Treasury and the Attorney General of the state to get answers. Paycheck Protection Program Second Draw Loan Borrower Application Form. Further harming consumers like this during a national crisis is unjustifiable. I can see so many people are going through the same thing with this company. This company procedures and policies is unfair and very deceptive. The SBA claims that I am approved and should have received the funds. I’m still in the database that I received the loan. I was told an adverse action has been taking and I was denied and that was final without any explanation as to why. When I reached out to see why they didn’t fulfill their promise. I made many attempts to speak to someone regarding this issue to be told by their agents that my file has been check and everything looks good for funds to be disbursed. The best part: if you use the money to pay yourself, your employees and approved business-related expenses, the loan will be 100 forgiven. I was told I would receive my funds within the week but never have. But, what is the PPP The Paycheck Protection Program is a 650B program that gives small business owners access to funding to survive this government-mandated shutdown. I was approved on and signed all of the documents. Here are the main points on full loan forgiveness for self-employed people up to 20,833. Blueacorn and Womply Stacy Cowley and Ella Koeze, How Two Start-Ups Reaped. I applied for a loan with Blueacorn under the CARES Act. In light of latest PPP guidelines, self-employed people and independent contractors now get the whole loan forgiven automatically. Borrowers Got over One-Quarter of the Loan Money, New York Times.
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