Waiting to see what Congress does about PPP loan forgiveness is a risky choice for financial institutions. Large banks and credit unions are already communicating with their borrowers about how to prepare for loan forgiveness and are going to start processing applications in a couple of weeks.  Borrowers are getting impatient -- and there will be tax implications for carrying loans into 2021. The SBA is ready, your borrowers are ready, we have a portal to streamline the whole process for you. Let’s get started. 

Great job! You’ve helped your members and borrowers access the capital they need to stay solvent through the last several months.

Here is a recording our webinar about how educating your customers can reduce your risks. During this recording, you will learn:

Here is a recording of a discussion between three experts in PPP loan forgiveness. During this recording, you will learn:

Congress reconvenes to discuss the bill introduced early in June that would drastically simplify forgiveness for PPP loans under $150K, by automatically qualifying them for forgiveness. There are three ways this decision could go, make sure your financial institution is ready!