MooveGuru recently partnered with Blue Acorn to provide independent contractors with the ability to get a PPP (Paycheck Protection Program) loan. Independent contractors in real estate may qualify for the forgivable government PPP loan.
According to MooveGuru, strong 2020 sales have “absolutely no impact upon your ability to qualify for PPP.” As long as agents received a commission check in February 2019 as an independent contractor, and did not get any money in the first round of PPP and are still in real estate, they qualify.
According to the Wall Street Journal: “The Biden administration last week announced several tweaks to the PPP aimed at helping the initiative reach more business, especially those with few or no employees. The rules released Wednesday change how sole proprietors, independent contractors and the self-employed can calculate the amount of funding they should receive.”
“When we investigated the new laws and realized that about 80% of the real estate agents in the U.S. could qualify for the PPP, we set out to find the right partner to help make the process easy for any real estate agent or mortgage loan officer to qualify within 15 minutes. Partnering with Blue Acorn was the perfect match,” says Scott Oakley, CEO of MooveGuru. “They already had an entire platform for real estate agents to qualify within minutes and the average agent is getting $12,500 in forgivable PPP loans.
“Small businesses and independent contractors were negatively affected by the global pandemic. This is your real estate agent, plumber, electrician, hair stylist and gardener. The PPP was designed to help these business owners financially survive, stabilize and hit their stride again. We are excited to have the opportunity to partner with MooveGuru and HomeKeepr to reach nearly one million real estate-based service providers around the country!” said Jimmy Flores, co-founder and president of Blue Acorn.
The deadline for any agent to submit an application is March 31. For more information, please visit mooveguru.blueppp.com.
Are landlords able to obtain a PPP loan (or other loan) for decreased rents received in 2020?
I applied for PPP Independent contractors Real Estate loan almost month ago. Had obe request couple week ago for additional info that was provided. Have no communication from BluAcorn other than when i go to my text and make inquiry it immediately states that same thing “n process for two days will then be submitted to SBA” will contact. Phone number hangs up and emails keep coming back that site cannot be reached”. Is my loan a dead issue and need to try one of the other sites that promise daily communiation as to status which have never received from Blueacorn?
Hello, I am so happy with Blue Acorn, it’s my bank who returned my loan because I didn’t have a business registration with my State and I didn’t have a business account. Instead of my bank calling me to explain or try to rectify the situation the Fraud Dept got involved and just returned the funds. I’m still very hurt behind the whole situation I felt like they were treating me as a criminal because they wouldn’t even look up my RE license to see my licensure with my state. The rep. With the fraud department told me that as a RE A I didn’t need the loan because Realtors made a lot of money. I was so shocked that I was speechless. So now I’m looking for a debit card to use in order to receive my funds. I don’t know if anyone else has had this experience.
How long does it takes the master card to come
I had an email from Blue Acorn stated on June 4th I was approved but no loan number. On June 12 Blue Acorn stated in another email that my loan didn’t get processed in time and unforntuniatly my loan is disapproved has anyone experience this ?