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If your loan was through Prestamos CDFI, they have requested borrowers apply for
loan forgiveness via the SBA.
For additional questions you can contact Prestamos at ppp@cplc.org.
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START YOUR PPP LOAN FORGIVENESS APPLICATION

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If you received a PPP loan from Blueacorn, you can have it 100% forgiven... as
long as you apply for it. We make that process simple, with most borrowers able
to submit and sign their application in under 5 minutes using this portal. Start
Forgiveness Application



MOST CAN APPLY FOR FORGIVENESS IN 5 MINUTES

Most loans under $150,000 will be able to apply for forgiveness in just about 5
minutes. We have your information from the initial application, so the process
is streamlined and easy.


COMPLETE YOUR APP ON ANY DEVICE

Most loans under $150,000 will be able to apply for forgiveness in just about 5
minutes. We have your information from the initial application, so the process
is streamlined and easy.


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Most loans under $150,000 will be able to apply for forgiveness in just about 5
minutes. We have your information from the initial application, so the process
is streamlined and easy.

Interest rates for the Paycheck Protection Program ("PPP') are at 1%. PPP loans
are made by one or more approved U.S. Small Business Administration ("SBA”)
lenders. Loan agreements will identify the appropriate lender to small
businesses at signing. Funds are limited, and may not be available at this time.
If funds are available, qualified applications will be submitted to the SBA.
BlueAcorn may need additional information from you later and does not guarantee
that it will be able to submit your application to the SBA based solely on the
information you provide now. BlueAcorn does not guarantee that applications will
be processed and submitted before PPP funds are no longer available. There are
no fees for applying for PPP or forgiveness. Approval and loan forgiveness are
subject to your ability to meet government-set eligibility requirements. Learn
more.

PPP borrowers are eligible for up to 2.5x monthly payroll costs for their
initial PPP loan, as well as any second draw. If your business falls under NAICS
code 72 (Accommodation and Food Services), you may qualify for up to 3.5x
monthly payroll costs for a second draw. All second draws are limited to $2M.

To help the government fight financial crime, Federal regulation requires
certain financial institutions to obtain, verify, and record in about the
beneficial owners of legal entity customers at the time a new account is opened.
Legal entities can be abused to disguise involvement in terrorist financing,
money laundering, tax evasion, corruption, fraud, and other financial crimes.
Requiring the disclosure of key individuals who own or control a legal entity
(i.e., the beneficial owners) helps law enforcement investigate and prosecute
these crimes.

Please note, the SBA has limited loan forgiveness for applicants who are
self-employed. Per SBA rules, if you do not have formal business expenses that
you report on your Schedule C, you will be limited to having 60% of your loan
forgiven. The extent to which you are eligible for forgiveness depends on the
forgiveness rules and regulations issued by the SBA.

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