We do not want our protection measures to prevent you from applying somewhere else if you prefer.
If you would like additional support or would like to withdraw your application you can do so easily by going to /support and creating a ticket. The good news is, once approved, the funding is earmarked for you. This has been adjusted and enhanced but there still may be some delays. This requires you to verify your identity with a few quick questions before you move forward.Ģ) Docusign has been lagging due to the sheer volume of documents moving through their system. This step typically comes in during the Underwriting phase and sometimes again after SBA approval.
#Blue acorn ppp loan login verification#
Therefore, we have added additional verification measures to ensure your private information stays private. In the interest of transparency, you may have seen delays for two main reasons-ġ) Our number one priority is to keep your information safe. We appreciate you putting your trust in us to deliver for you. We believe this is worth it to help sole proprietors, independent contractors, and micro businesses get the money they need. We know you need these funds and while most big banks are ramping down their PPP loan applications we are continuing to build out and improve upon our internal systems to continue accepting applications until federal loan funds run out. If you are in the middle of the loan process with us or considering applying, you can expect the average loan to take approximately 21 days from application to funding. We completely understand your frustration regarding your progress. So divide $20000/11 and send that to your pay account weekly. Though to get it all forgiven over, say at $20,000 I think you would want to stretch it out to 11 weeks to be safe. I am pretty sure blue acorn is applying for everyone with 8 weeks and not 24 weeks. Someone will definitely have to figure this out and post time period. Plus, there was a rule last year you could only pay yourself so much per week, so would have to wait more weeks to apply for forgiveness if over $15000. You can also spend on certain things too if you want, but seems more problematic. The easiest way to guarantee forgiveness for sole proprietors is to divide by 8 is under $15000 and send payment to yourself. Was reading to move money to an account somewhere else and only pull out so much weekly to pay yourself. Once you get to this point your funds are secured from what is left, I read from blueacorn post.
They submitted it to SBA super quick and did sign up to verify this with SBA. Status updated to funding, but no messages last couple days.
#Blue acorn ppp loan login trial#
I also signed up for a free trial beforehand at docusign. I had to ask them for DocuSign papers after they were no show after 48 hours. I don't do anything else, but buy and sell. I have a schedule C that shows lots of money flowing through my account at least revenue based for multiple years, income not much as I keep buying increasing amounts of inventory. Congratulations! Please allow up to 10 business days for the funds to reach your account. We have reviewed your application and are pleased to inform you that your application is now in funded stage. Keeping in mind that I received this email on (Before CaWeb stated fully Cancelled) Once this is completed, your application will move to fund disbursed status and from there it will take 10 days for the funds to reach your account. We are kindly asking for your patience while our accounting department validates your bank details.
Thank you for contacting us, unfortunately we do not have a time frame or an specific date as to when the funds will be in you account however your application is at the funding stage. Any recommendations on who to work with for my 2nd draw? Is there someone I can call/email (on the sbappp side) to find out if they cancelled the wrong Loan number? Sitting on hold with RC for 1 1/2 hours just to hear them read verbatim the last email sent to me gets old fast.and no one can clarify 10 business days vs 10 days.if I can finally get funded. This is becoming a super stressful, desperation, migraine inflicting waiting game. (Back rent and supplies) I’ve already put together everything needed for my 2nd draw. Hoping it happens quickly, with even quicker funding because that money is already spent. So I’m guessing I’m waiting on a new Etran# My Ready Capital status updated to “Validation Complete, Pending SBA Submission” I verified everything they asked me for literally 3 times. So had the Etran# been for Smartbiz these past 3 months and if so why the long wait for funding? No and now I’m worried because I asked for Smartbiz to cancel my application, which they have.
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