Is Capital Plus Financial a lender?
As a community development financial institution (CDFI), Capital Plus Financial provides capital to markets identified as underserved by the community. Capital Plus Financial lends to low to moderate income documented Hispanic borrowers.
How long does capital plus PPP take?
Get loans approved in 1-2 days (compared to the weeks of most banks) Have SBA funds directly transferred to your current bank account in 4-6 days.
Is Capital Plus Financial LLC legit?
Crossroads’ subsidiary, Capital Plus Financial (CPF), is a certified Community Development Financial Institution (CDFI) and certified B- Corp, which supports Hispanic homeownership with a long term, fixed-rate single-family mortgage product.
Is capital plus still funding PPP loans?
The partnership of Capital Plus Financial and Blue Acorn has successfully served hundreds of thousands of individuals and small businesses through the funding of Paycheck Protection Program (PPP) loans. Feedback from customers is always appreciated. Customer service remains our top priority.
Who funds Blue Acorn PPP?
United Community Bank
BLUE ACORN, LLC is in the Custom Computer Programming Services industry, has a $1,000,000 – $2,000,000 PPP loan from United Community Bank, and has potentially retained 121 jobs.
Who is Capital Plus Financial LLC?
Capital Plus Financial (“CPF”) is a real estate financial institution specializing in residential mortgage lending in the Hispanic single-family residential market of the Dallas/Fort Worth, Houston, and San Antonio areas.
Can I go to jail for PPP loan?
Depending on the circumstances, the federal government might charge people accused of defrauding the PPP under the following provisions: 15 U.S.C. § 645: Making a false statement to the SBA. This can result in a fine of up to $5,000 and up to 2 years in prison.
Is PPP money taxable?
2021-2. Section 276 also provides that forgiven PPP loan amounts are treated as tax exempt income for purposes of Sections 705 and 1366 of the Internal Revenue Code (the Code).
Is Blue Acorn still accepting applications?
Unfortunately We Are No Longer Accepting Applications We know how important it is to keep the backbone of the American economy running. We are doing all we can to advocate for another round of PPP, to get you the funds you need and deserve.
How long does it take Blue Acorn to fund PPP?
Once your loan has actually been approved, it can take up to 10 business days (Monday through Friday) for the loan to actually be funded and the money to hit your account.