Charleston, SC 29403 87 Raleigh 4000 Westchase Blvd. We appreciate the Subcommittee’s recognition of Prestamos’ performance of its mission in the PPP, and continue to implement effective fraud prevention measures in our lending. If you are trying to reach regarding your PPP application, you can do so at or via. This report has identified significant concerns as well as useful recommendations to protect future SBA lending programs. Our own fraud prevention efforts resulted in denials of 57% of Prestamos’ PPP loan applications. Weve helped 100,000+ customers, and have 100s of 5 star reviews.
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We played an important role in supporting small businesses throughout the COVID-19 pandemic, successfully sponsoring over 400,000 loans and helping underserved communities access the funds they needed most while applying SBA regulations to prevent fraud. Blue acorn helps self-employed and 1099s qualify for a Forgivable PPP loan from the SBA. Blueaccorn is a fraud its been over a year since I got funded and all they every have to say is my application is being manual reviewed I just sent them an email and told them to withdraw my. If you received a PPP loan from Blueacorn, you can have it 100 forgiven. For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP loan is 3. Start Your PPP Loan Forgiveness Application. The other bank BlueAcorn worked with, Prestamos, released a statement to Arizona’s Family.Īs a mission-driven non-profit, Prestamos CDFI has a longstanding track record of promoting economic and community development through lending. For most borrowers, the maximum loan amount of a Second Draw PPP loan is 2.5x the average monthly 2019 or 2020 payroll costs up to 2 million. Arizona’s Family reached out to BlueAcorn and Capital Plus and have not heard back. The report said Reis and Hockridge moved to Puerto Rico after getting many of their PPP loans forgiven.
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