Roswell, GA – RealEstateRama – April 7, 2021 – MooveGuru today announced that the federal government extension of the Paycheck Protection Program Loan (PPP) will allow MooveGuru’s partners blueacorn and Capital Plus Financial to continue processing applications until the new deadline of May 31st 2021.
Earlier this year, MooveGuru collaborated with financial security application developer and SBA lender Capital Plus Financial to develop a process that makes it easy and straightforward for independent contractors like real estate agents to benefit from the PPP loan programs that the United States government is making available. This is the second extension of the program under the new federal administration.
Capital Plus Financial is an SBA lender who is collaborating with MooveGuru and blueacorn to develop and launch an online website for real estate agents to easily apply for these loans.
Paycheck Protection Program or PPP loans cover independent contractors in Real Estate, about 90% of the 1099 agents will qualify for the forgivable government PPP loan. The loan amount is likely to be around $5000 on the low end and up to $20,833 on the high end according to information provided by Capital Plus, blueacorn, and MooveGuru. Approval rates are currently at 90%.
The website to share with agents to apply for the loan is https://mooveguru.blueppp.com
To qualify, real estate agents may not have received a loan in the first round of PPP funding and received a commission check in February 2019 as an independent contractor.
“When we investigated the new laws and realized that about 80% of the real estate agents in the US 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 blueacorn 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.”
blueacorn.co is a financial technology platform catering to overlooked small businesses such as the self-employed, independent contractors, and small businesses located within low-to-medium income (LMI) communities. blueacorn.co has streamlined the origination and processing of Paycheck Protection Program loans – making it easier, faster, and simpler for the small business owner to apply, get funded, and start their loan forgiveness.
In 2016, Roswell, GA based MooveGuru Inc. launched a free mover engagement program to real estate agents and brokers with the idea of connecting home buyers and sellers to convenience and savings on moving services. Using just-in-time delivery through artificial intelligence algorithms, MooveGuru Inc. ensures consumers receive agent-branded savings from national and local retailers, connects all utilities, and makes the moving process more streamlined. Today, more than 1,100 brokerages, their agents, and clients are connected to the MooveGuru platform.