I will be filing a complaint with the U.S Treasury and the Attorney General of the state to get answers. Further harming consumers like this during a national crisis is unjustifiable. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. Approval and loan forgiveness are subject to your ability to meet government-set eligibility requirements. I can see so many people are going through the same thing with this company. There are no fees for applying for PPP or forgiveness. ![]() Here are the main points on full loan forgiveness for self-employed people up to 20,833. This company procedures and policies is unfair and very deceptive. In light of latest PPP guidelines, self-employed people and independent contractors now get the whole loan forgiven automatically. 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. I was told I would receive my funds within the week but never have. I was approved on and signed all of the documents. ![]() ![]() Loan approval time takes just 1-2 days when compared to more than two weeks with other big banks. The application process takes only 5-10 minutes as opposed to more than 45 minutes for other banks. At least 16 PPP loan application reviewers working for Elev8 Advisors on behalf of Blueacorn. With Blue Acorn, one can have three benefits when filing for loans or PPP loan forgiveness. I applied for a loan with Blueacorn under the CARES Act. Blueacorn hired Elev8 to advise the company on compliance with laws and regulations related to the PPP.
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