![]() Subcommittee Chairman Jim Clybourn sent the November 22 letter to Blueacorn demanding documents and answers on several topics, including The figure was cited in the letter sent by the congressional subcommittee to the company last month, but Blueacorn officials would not confirm that estimate. PPP loans were designed to assist small businesses to remain open during the pandemic.īlueacorn sent the paperwork through one of two partners, Prestamos CDFI or Capital Plus Financial, which are lenders approved to work with the federal Small Business Administration.īlueacorn helped to process loans for approximately 820,000 small business owners, resulting in $12.65 billion in PPP loans, according to a company spokesperson this week.īy one estimate, Blueacorn received a billion dollars in fees for processing PPP loans. The Fin Tech company posted a YouTube video showing how people can complete an online questionnaire and how their app wizard would autofill the PPP loan application. “Most self-employed and 1099 contractors had no idea they could actually qualify for a 100 percent forgivable PPP loan,” one ad said. Now the House Select Subcommittee on the Coronavirus Crisis is asking company executives about how much they made and what they did to try to prevent the possible waste, fraud, and abuse of tax dollars.īlueacorn’s advertisements flooded social media earlier this year. ![]() Several individuals have reached the company for help but none of them have witnessed any improvement.SCOTTSDALE, AZ - A Valley company, which helped gig workers and mom-and-pops get the federal loans to stay in business during the pandemic, is now at the center of a Congressional probe into whether the loans were made to fraudulent or ineligible applicants.īlueacorn was founded in Scottsdale and helped process more than $12 billion in Paycheck Protection Program loans, according to the company. 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. 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. 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. 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. 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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