This report has identified significant concerns as well as useful recommendations to protect future SBA lending programs. Hockridge received nearly 300,000 in PPP loans, some of which were. Home BLUE ACORN, LLC Why is my loan information here Loan Amount 1,869,800 Amount Forgiven 1,881,224 Includes any accrued interest Where applicants said the money will go Payroll 1,869,800. Our own fraud prevention efforts resulted in denials of 57% of Prestamos’ PPP loan applications. In addition to likely taking over 120 million in taxpayer-funded PPP processing fees as personal profit, Mr. 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. 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. 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. 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.
#BLUE ACORN PHONE NUMBER PPP PLUS#
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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