Blueacorn | PPP Loans for Self-Employed and 1099s

If your loan was through Prestamos CDFI, they have requested borrowers apply for loan forgiveness via the SBA, which you can do at https://directforgivness.sba.gov. If you have additional questions you can contact Prestamos at [email protected].

Our PPP Forgiveness Portal is Now Open for All Borrowers!

If you applied for your PPP loan through Blueacorn, we are proud to announce that you are now able to apply for forgiveness through our new portal! 

You will need to create a new login, and have your SBA Loan number and SSN / EIN ready. It should take about 5 minutes, and can be done on any device.

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businesses everywhere.

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How to use Blueacorn

Applying takes just five minutes, and it’s completely free.

Accessing loans can be difficult,
let’s do this together.

Free to use

No computer required

Done in 5-10 minutes

Safe and secure

Frequently Asked Questions

What documentation do I need to get started?

None! To get started, all we need is some basic information to better understand your business. Eventually, we’ll need a few documents to support the loan amount we’re requesting from the bank, but we’ll determine that together and make it easy for you to submit it.

How much does it cost to apply?

Absolutely nothing! There are no fees to business owners or independent contractors to apply for or receive PPP.

Is Blueacorn a bank?

No. We’re a Lender Service Provider. That means we help you do the PPP paperwork and we partner with a bank to apply for and secure your loan. We have partnered with multiple CDFIs (community development financial institutions) to process the loans. They are all backed by the FDIC, SBA registered and fully compliant with all regulations.

 

Why would I need a Lender Service Provider?

This paperwork can be challenging to prepare on your own. We’re experienced tech and financial professionals and made the decision to set up Blueacorn to make the process easier. We’re working to help more people get the PPP paperwork done correctly to maximize their chance of successfully securing a forgivable loan. A bank can also help you with this service, but many large banks have been more focused on helping larger businesses get loans, so we are working to fill that service gap.

How long will it take to get my money?

Funds can take up to 10 business days (Monday to Friday) from the date the loan documents are signed, barring unforeseen delays from other agencies outside of our control.