![]() ![]() I receive there infamous Not Approved No funds no appeal final decision email status update within seconds of receiving my complaint. After i complain and advise of local news story. Yet it gets to last days possible to fund then after assured repetitively that if i have a SBA loan # i 100% for sure will be funded. Claimed bank rejected, but bank never received anything to reject. Same response to support tickets or chat with customer service. ![]() So that alone is only statement Blueacorn made that was true. I received sba loan # and status to disbursed current within 6 days from applying. After I sent the information back to blue acorn on July 21,2021 that same day I got a text saying we initiated the funds to your account (now remind you this is the 2nd time they initiated funds to my account) and it will be there 7-10 business days! I put a ticket in to blue acorn 10 business days later to see if my card had got sent out yet and a day later they said they couldn’t approve me with funding after I was already approved since and once you’re approved by the sba the funds are supposed to be available to you no matter what! Blue acorn is going to have to come out alot of money when we all sue them especially the ones who lost their business because blue acorn lied about funding! If the sba doesn’t do anything I’ve already contacted a lawyer as well! Nearly two months later on July 19th after not hearing anything from blue acorn I get a text saying they need additional information basically saying They need to see my 1040, so I sent that back and they made me opt out for a prepaid card as well. I’ve contacted the sba and filed a complaint on blue acorn because not only on the sba website shows I’ve been disbursed like I’ve gotten my loan, I’ve been approved since may 11,2021,and on May 27,2021 signed documents and shortly after got a text saying initiated funds to my account and it would take 7-10 business days. And i have sent them all this documentation!!! We all need to speak up. My business is legit i file income tax that proves it. ![]() I don't understand how all this can be legal after hundreds of people have had the same experience with this company. I have also put a complaint into Better Business Bureau as hundreds of others already had done. Something needs to be followed up w this knowing what hardship they are causing onto others. I have put emails out to the appropriate people to be looked into it!! Im livid to no end. Then a month later i emailed them wondering what was going on w my funds, i was then told i was no longer approved. I was later asked to update banking info and turn in more documentation verifying my business income, which i did in THEIR time frame and then again they said i would be funded. I was approved w my SBA number months later funded and then it was rejected and i only used this account because the one i use for my business wasn't excepted by Blue Acorn. I have had the same experience with BlueAcorn that everyone else is having or had with them. ***UPDATE*** I CORRECTED MY REVIEW AS I'M STILL LIVID BUT I'VE CALMED DOWN!! I have given 1 star only because i have to in order to write a review. Only about 30% of people got their loans with BlueAcorn. If you’re are not funded by now, you won’t be funded regardless if they are telling you to be patient and that your funds are earmarked to you. That’s why they have being MASS denial for two months using the excuse of “were unable to fund your loan due to either not being able to verify your identity, wrong banking info, didn’t provide correct documents, etc” when in reality they can’t fund us because it’s entirely their fault but they want to point fingers at us to justify letting us down. They got money hungry trying to accept many applications so they could get commission from the government even though they know they couldn’t handle it. The truth is they are NOT following SBA guidelines and your funds are not secured if you are under Blue Acorn. It’s funny they keep telling people on here “once you’re SBA approved the funds is earmarked to you and you are not at risk of losing your funds regardless of time” even though myself and tens of thousands of people waited for 4 months just to get a denial email even though I provided everything they needed and also my bank information was accurate.
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