SBA Coronavirus Relief Paycheck Protection Program. We’re no longer accepting new PPP loan forgiveness applications.
Just so, are PPP funds still available today?
PPP Money – Nearly All Gone: Only $8 billion remains available. Source: CBS News, April 6, 2021.
One may also ask, can you look up who received PPP?
If you’re looking to check who’s received EIDL grants, EIDL loans, or PPP loans, the SBA has made recipient data publicly available. … This information was outlined recently in the SBA Inspector General Identity Theft and Fraud Report.
Does BlueVine report to credit bureaus?
Yes, BlueVine does report to credit bureaus. That means that paying off your BlueVine loan on time could improve your credit score (but it also means that late payments or defaulting on your loan can hurt your credit).
As a result, BlueVine customers can choose to share account information securely and seamlessly with the various platforms to be more efficient when banking with BlueVine Business Checking. Examples of third-party financial applications include Expensify, Venmo, and Xero.
Since any company that’s eligible to receive an EIDL loan is eligible for a grant, the process of getting the up to $10,000 advance for your business was relatively straightforward. You simply went to the SBA’s disaster loan assistance page and filled out an application.
To learn more about products that may help you mitigate unforeseen financial events, please call our customer care team at 1-888-216-9619 to discuss your options. We are available at 1-888-216-9619, Mon- Fri 8:00 AM- 8:00 PM EST, or you can send us an email at [email protected].
BlueVine Qualifications and Eligibility
- 6+ months in business.
- $10,000 in monthly revenue.
- 600+ personal FICO score.
BlueVine offers approvals in as little as five minutes, and funds can be available within a few hours of approval. You can choose free ACH transfer, and funds will usually arrive the next business day, but it can take up to three days. A bank wire costs $15 and funds the same day.
You need fast cash
Here’s how long the approval process typically takes for BlueVine’s products: Line of credit: An average of 12 hours. Invoice factoring: A few minutes to a day.
Banks Currently Accepting Payroll Protection Program Loan Applications. The Paycheck Protection Program officially ended on May 31, 2021.
As BlueVine is not a bank, its banking services are provided by The Bancorp Bank, and all accounts are insured by the Federal Deposit Insurance Corp. up to $250,000. You can apply for and open a BlueVine business checking account entirely online.
BlueVine is no longer accepting new applications on its business checking accounts, invoice factoring, or lines of credit. Luckily, there are plenty of alternatives that serve small businesses and offer similar benefits.
|Redwood City, California, United States
|Eyal Lifshitz, CEO
|Business banking, line of credit, term loans, invoice factoring