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Does Varo Bank Accept PPP & SBA Loan?

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There have been several questions from users about varo bank ppp loan.

is there anyone out there that have a varo that got there ppp deposited into ? I signed my documents 3/26 and still haven’t got paid yet what is going on ???” A user asked.

Anybody who signed with blueacorn on 4/2 has gotten funded with varo account??” another asked.

Is Varo Bank Legit?

Varo Bank Account is a checking account. There are no recurring costs, overdraft fees, international transaction fees, incoming and outgoing transfer fees, and more for this account.

The neobank based in San Francisco, California, provides financial services through its mobile app and has over 1 million customers.

October 1, 2020, Varo entered a partnership with the Bancorp Bank to supply the backbone for their banking accounts.

Colin Walsh and Kolya Klymenko created Varo as a way to build a bank that would appeal to millennials and younger people who were dissatisfied with conventional banks.

Varo Bank & PPP Loan

The online bank seems to be having issues with receiving PPP and SBA loans as the majority of its users complained of the inability to receive their funds at due time.

A user said: “My lender is Harvest through Womply. My status went from “borrower funded” to “womply processing ” this morning!! I reached out to Varo Bank they are not accepting PPP funds! I then switched my new bank account info on harvest. I reached out to womply for help, no response! Did this happen to anyone else? or do I have to go through the whole process again smh

Another added: “I have seen people say they received funds into their varo account. some say their funds were frozen for a few days and they had to contact the varo fraud dept to have them released

For now, We advise not to use Varo bank in your SBA or PPP loans applications, instead use a walk-in bank so you can have easy access to make your loan complaints and have it resolved.

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Jelani Day Body Found in Illinois River, Cause of death Unknown

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Jelani Day Body Found

The male body found in the Illinois River on Sept. 4 is missing Illinois State University graduate student Jelani Day. The LaSalle County Coroner confirmed.

Forensic dental identification and DNA testing and comparison helped confirm the identity of the body. Coroner Richard Ploch added.

The cause of Jelani Day’s death is unknown, and an investigation is ongoing. Toxicology is still testing.

Jelani Day, 25, was last seen Aug. 24. at the Illinois State University campus. His family in Danville and a faculty member reported him missing after he did not show up for a class for several days.

Jelani’s last known location was at Beyond Hello in Bloomington at 9:21 a.m. Aug. 24.

Jelani Day

His car was recovered in Peru, IL on Aug. 27 with no license plates in a wooded area south of the Illinois Valley YMCA and north of the intersection of 12th Street and Westclox Avenue.

During a press conference, Bloomington Police Department Spokesperson John Fermon said they are still working to figure out some of the details regarding Day’s death.

“We haven’t said if there’s foul play or anything like that. People are on edge. It impacts everyone,” Fermon said.

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