About company
Blueapp offers a Paycheck Protection Program (PPP) loan that provides financial assistance to self-employed individuals, independent contractors, and small businesses affected by the COVID-19 pandemic. The loan is 100% forgivable if used for qualified expenses, such as payroll, operating costs, and rent, within the first 10 months. There are no fees to apply, no personal guarantee or collateral required for loans under $100,000, and the application process is streamlined for faster approvals. The loan has a 1% interest rate and a 5-year repayment period, but borrowers may be eligible for full loan forgiveness if funds are used appropriately.