Over the past several months, your team may have been thrown into unchartered territory, rapidly learning to navigate telehealth, payment delays, and coronavirus claims as well as payor changes and inconsistencies.
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.
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!
Our commitment to utilize the lowest cost of capital and remove all unnecessary overhead from the loan process enables us to help everyone make the best possible financial decision when borrowing money.
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