The commercial banks have had their funds depleted, but you can still apply at a CDFI or MDI.

https://ofn.org/cdfi-locator

Why is this thread still "sticky" anyway? it's becoming quite clear that this thing was a scam. they paid a few people at the beginning and probably stole whatever money was meant to pay people that applied later

Scam or no scam, this pinned post needs to be replaced with a warning message, that BlueAcorn is in default to the consumers for not delivering their SBA approved loans.

Second, they are clearly broken. While I did get my funds late, they continue to reply with scripted nonsense, to my original ticket asking for an update. Per there most recent email, I need to be patient as the process is now taking 10 business days. They didn't even bother to look into my enquiry. If they had, they would see it was funded several weeks ago.

Just an FYI update. I sent an email to the [email protected] address and got a reply saying they were seeing movement and will have solid info for me soon.

I guess we will see.

so you got your funds. what are you trying to accomplish? Are you saying that "some" will get their funds and others will get ripped off meaning Blue Acorn gets the funds, doesn't deliver to fundee, and vanishes? That would mean they straight up stole SBA funds and would actually make the non-receiver responsible for paying back the non-received funds... that would most certainly be a felony. Is that what you are suggesting is happening?

Regardless of whether blueacorn is actually stealing funds or not, they are essentially robbing people of the opportunity to receive funds that they're entitled to receive due to their negligence.

They've held onto applications for months leaving people unable to apply elsewhere with an actual competent company. The PPP funds have already ran out for most banks and the deadline is quickly approaching. Invariably blueacorn's failure to fund, approve or deny applications in a timely manner is going to screw a lot of people over and they're going to walk away with nothing.

^^^ This ^^^. Blue Acorn needs to stop taking in more business, and more importantly, the administrators of this site, need to be proactive, realize that numerous complaints exist, and replace this pinned post with a warning message instead.

I was wondering if Blue Acorn had assisted anyone here with the forgiveness process as they said they would starting 8 weeks after the funding date. I'm guessing with the disappearance of Blue Acorn lately that the answer to my question is a "no".

I started a new thread in an attempt to get Matt's attention but I will repeat my message here too so if he checks in he will see it.

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You do not have enough messages to send you a pm.

I put in a ticket today at blueacorn to ask about the forgiveness process.



I just got a reply that showed me that apparently nobody is actually reading the support requests:

New reply for the ticket #XXXXXXXXXXX


While it was a fairly prompt reply, it in no way answers my question. I got the information I have from the same pages on the SBA site that you gave me a link to.

Please, get back to me with the information I need to complete the process as you promised on your site.

Thanks in advance

.

Just contact the SBA sara

It's cool, I heard back from Matt.

They are working on some additional infrastructure and we should get emails when it is ready.


.

You call that cool sara? You are one needy motherfucker

Ok, thanks, that's the info I was looking for. I'll wait a couple weeks for their email.

Just got an email from Matt today saying there is a known issue, they are fixing it and will be in touch shortly.

I guess we will see.

Hi I really REALLY need this. I have been denied unemployment, never got my stimulus checks, no welfare, $0 in support and my adult earnings are down to around $400 a month, whih won pay rent.
im like close to dead here and so depressed and tired o being depressed that "d" is not looking like a bad option.

is there ANY way you can squeeze me in?
write to me privately.

yes im serious, no im not joking or lying, ill show you my life and numbers the past 2 years, . its been a nightmare.

A new update.

Today I got a message telling me I had things I needed to fix on my application. It is all stuff I had uploaded in the past. Right after that I got a message telling me I would be getting funded in the next 3-6 days. I have no idea what the fuck is going on.

All their BS comments is to buy time. Meanwhile no one takes action against them, and they submit more applications.

Actually, they are not still taking applications. It looks like they stopped prior to the end of May.

From their site:

https://blueppp.com/

Same message on their other sites: https://blueacorn.co/ https://fscppp.com/

.

At least this much. Good catch. You looked, I didn't. Was glad to be among the last people to receive funds late, but at least it was deposited. I still get scripted emails telling me the funds are on the way.

Has anybody here made it into step 6.

Where you have access to their forgivable loan portal?

One Hunnerd Forgiven SBA Loans.

.

Just wanted to bump this to say that after a very long delay, my loan was funded yesterday and the money deposited into my account.

Did anyone go through the forgiveness process?

:2 cents: . . .

Yes, several times. Like myself, you'll need to see which days the priest can meet with you inside the confessional.

just did it for the second draw, all was forgiven

Congress just released a report and the OP name appears numerous times with some pretty damning allegations.

https://coronavirus.house.gov/news/press-releases/clyburn-fintech-fraud-ppp-doj-sba

Did they run already?

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Blueacorn Took Only Minimal Steps to Prevent Fraud in Its Facilitation of Billions of Dollars in PPP Loans, While Abusing the Program to Enrich Its Owners

Fintech Blueacorn received over $1 billion in taxpayer-funded processing fees but spent little on fraud prevention and eligibility verification. Blueacorn transferred nearly $300 million in profits to its owners while only spending $8.6 million—less than one percent of the fees it received for its PPP work—on its fraud prevention program. Blueacorn also gave approximately $666 million to a marketing firm controlled by members of its senior leadership—almost 50 times more than the $13.7 million the fintech spent on eligibility verification to detect fraud. Blueacorn had only “one direct employee who assisted with processing PPP loan applications” for the 1.7 million loans it reviewed.

get a real job