![]() 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.The video in the player above is from December 2021 coverage of the initial fraud investigation. Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee) Blueacorn PPP helped process more than 12 billion in PPP loans, according to the company.Weve helped 100,000+ customers, and have 100s of 5 star reviews. Blueacorn was founded in April 2020 with. Businesses who took out these loans could spend the borrowed sum on: PPP loans are made by one or more approved U. 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. Blue acorn helps self-employed and 1099s qualify for a Forgivable PPP loan from the SBA. Often, however, whistleblowers & employees reveal that their employers have abused their funds. These amounts were reported to the SBA by the company. 3 BLUE ACORN, LLC claims to not have misused the PPP Loan in any ways. ![]()
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