WARNING >> Forgivable Loans for the 1099's and Self-Employed (Promoted by Free Speech Coalition)
 

If you file taxes in the US and are a 1099 or IC, Get PPP here: FSCPPP.com

You can qualify for up to $20,833 in free money from the government.

Hi All,
My name is Matt. I owned 2 sites in pleasure products. I moved into the finance side of the world and wanted to help the industry. I connected blueacorn and FSC to help the industry get PPP forgivable loans.

Video Explainer: vimeo.com/514871109

Check FSC for news release.
FreeSpeechCoalition.com/press/fsc-partners-with-blueacorn-to-help-members-apply-for-1st-amp-2nd-draw-ppp-loans

All automated, all you need is your license and a bank account.
Over 100 people have signed up in the past week and want to share.


fscppp.com/gfy

Thumbs up for effort

Video Explainer: https://vimeo.com/514871109

Link: https://FreeSpeechCoalition.com/pres...draw-ppp-loans

GFY Link: https://fscppp.com/gfy

Thanks for posting, link tool was unhappy when I tried.

Thanks for this.

:thumbsup

.

This should be a sticky topic

You are welcome. It's because you need more posts before you can add links (spam protect ion)

thanks for the assistance Matt. good guy here

if you're US based and produce content, hire talent etc give him a shout. adult is eligible previously was not 'essential' or whatever about a year ago from what i recall. hit Matt up for more infos i've done my app will let yall know how it goes

Thanks Shimmy
 

Happy to help anyone in the industry. We need to stick together.

Thank you Matt, I just submitted my App! I really appreciate all the help I can get

:thumbsup :thumbsup . . .

manual bank entry no worky, step 10 of 12. The first option requires to enter a username and password for your online bank.

I hit the refresh button and entered bank info again, worked. I'll post back the results

Plaid
 

Yeah we found an error where the validation of 2 fields flipped.
You found the few hours that it was a bug.

All working now and we've been processing more each day.
Feel free to PM if you have any issues. Here to help.

live chat gave me tip to just refresh, it worked, app completed. Hope this is true, they should give extra compensation to people who live in draconian states like PA, NJ and NY :thumbsup

Do you also help with EIDL grants?

Anyone else been on Day 1 for four days now?

Is this legit?

I have been approved and waiting for it to hit the bank since 2 days ago.

But, I hit them up through their support email because of lack of communication coming from their end.

Wasn't going to say anything yet, was going to wait till it was all done before I gave any kind of review of the process.

They have some communication quirks to work out.

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Thanks. I tried their contact form but I'll hit their actual email address as well.

Someone on their facebook messenger helped me, and resubmitted the form without the error that I had made. I guess I'm back at Day 1 but it should move along now.

Yeah, that's the kind of communication quirk I meant. It would seem that you should have had some kind of communication back as to the status of the app.

Upon signing up, should have been an email or text confirmation of some kind I think. I didn't see anything.

Upon submission of the app there should have been sime kind of communication back, nada.

Each step should have activated some kind of confirmation to be sent, I would think.

Still waiting to see how it comes out. The walk through the app was easy enough.

.

Thank you I got my loan today, I really appreciate your site and help

same here thanks Matt for the help I can vouch this worked for me :thumbsup

My funds showed up in my bank this morning.

First of all, thank you for offering the service. All in all it was a fairly smooth process and your site made it much easier with the "walk through" approach to the application.

Please take everything below as simply "constructive criticism".

My only complaints would be about communication. I noted earlier in this thread that, in my opinion, there should have been some communication confirmations throughout the process so I will not repeat that part again.

I will note that (again, strictly in my opinion) the emails that do get sent along the process should more readily identify blueacorn as the sender. I have emails back from "Info Main Email". This looks like many of the Spam email addresses that I delete daily.

The documents to be signed came from "Funding Department via Docusign". These were from Docusign so while BlueAcorn would not have control of them, I feel that it would have been good to alert me that that is where they would be coming from, again, to separate them from the Spam.

Yesterday, I got a status update email from BlueAcorn, it was the only actual Status update I got throughout the process. I assume that this is something new that you started and it is a good addition to the process.

I started the process on February 24. The Funds are in my bank as of this morning March 8. That is 7 or 8 bussiness days depending on how you count them. That is a great time line for something like this.

All together I would give the entire experience an "A".

The only issues I saw were with communication and I am kind of anal about communication. If there had been confirmations along the process I would have given an A+.

You did a great job.

Thank you very much for your time and efforts in putting all of this together.

.

Seems they've taken your advice. I started the process yesterday and received a well defined email today from Blue Acorn regarding the status of my app and the remainder of the process.

I couldn't find anything in the FAQ regarding how a forgiven PPP loan is viewed by the Feds for next year's taxes. Is it considered income that will need to be reported?

I'm still stuck on Day 1.

Still? Send a note to support. Matt answers up really quick usually

[email protected]

Good Luck.

.

Actually, Matt hit me up on txt msg and he says we have the issue settled, and I should receive payment next Tuesday.

Good stuff. :thumbsup

I probably should have mentioned in my post that everytime I sent a note to support I got a very quick reply from a real person. Sorry for leaving that out.


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Looks like a one life offer

>>> To have your loan 100% forgiven, you’ll need to have:ha
- ha Spend that money within 24 weeks (6 months)
- ha Employee and compensation levels are maintained (which if you’re self-employed is just you)
- ha At least 60 percent of the proceeds are spent on payroll costs, and the rest goes to other eligible expenses (wages / payroll, mortgage interest, rent, utilities, taxes, benefits, etc).ha
Then we’ll help you fill out the paperwork needed. You’ll need to provide some documentation that proves you actually spent it accordingly (like a bank statement), and you can have it 100% forgiven.

Funds have been flowing and we are seeing thousands of people moving every day.

The issue we are having is we are scaling so quickly that support is having issues keeping up.

I want the industry to take advantage b/c we are the last to be thought of and this is for us.
If anything needs anything, ping me personally and I'm happy to personally help [email protected].

I think he is more specifically asking, will he be taxed as income? Sort of like getting taxed as income for a judgement against you.

PPP does not count as taxable income.


Is PPP loan forgiveness taxable?
The CARES Act spells out that the forgiven loan amount won’t be included in taxable income. That means you don’t pay taxes on the money that you receive. The aim of this loan is to provide businesses with the money to keep running and continue paying employees, not to create a tax burden for businesses receiving the funds.

Funds hit my account last night at midnight.

Thanks :thumbsup

Do we need to file our 2020 taxes prior to applying?

Nope, we have a builder where you can create a draft of schedule c on the site.

great, thank you.

If I made a mistake on the form (wrong SBA 1st Draw loan #) can I correct it or can you do that for me? :)

Funds hit :thumbsup

Is it ok to take 100% of funds for payroll if sole proprietor? Meaning pay myself from one bank account to another.

I applied and made some mistakes on the form (and sent in the wrong document as well). They did a good job of contacting me via email and text letting me know what was wrong and how to fix it. The whole process was pretty smooth.

Please send me an email at [email protected] and let me take a look.

Bst,

Matt

Great to have Matt on our side!

Blueacorn seems to be a bit overwhelmed at the moment. I'm almost 2 weeks into the process and still waiting on Docusign.

I suggest you search your inbox and spam folder for emails coming from:
[email protected] and [email protected]

If you do not find anything, immediately write to: [email protected], and cc [email protected], and let them know.

Good luck!

I got a response over the weekend that the loan doc system was impacted due to volume and to expect delays.

you can request PPP loan through lots of places, paypal, bank of america, I used bank of america since I have accounts there. I have got both first and second draws.

Really? How long did you wait to apply for the second once receiving your first?

it took 3 or 4 days after applying to get the doc to sign, 1 minute after signing it was in my account...it was quick