Tag Archive: "PPP"
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Lender and Borrower Impacts of Newly Released Form 3508S
Last week’s interim final rule from SBA and Treasury introduced a new form to the PPP forgiveness process. Read on to see what it means for lenders and borrowers.
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Observations on the PPP Loan Forgiveness Process
In this blog, we share our observations on the PPP forgiveness process and additional ways to assist borrowers through this process.
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Observations on Recent PPP Releases from SBA
Submission of PPP loan forgiveness applications are expected to begin today. Are you and your borrowers ready?
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The Impact of the PPP Flexibility Act and Related SBA Releases of Updated Form 3508
The Paycheck Protection Program continues to evolve and the passage of the Paycheck Protection Program Flexibility Act of 2020 has created more questions. Here are some insights to help lenders navigate these changes.
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Reconsidering an Estimated Forgiveness Repurchase for Certain PPP Loans
his blog is being posted on behalf of my colleague, Todd Sprang, principal in CLA’s financial institutions practice. Pending legislative alterations to the forgiveness criteria for borrowers, including extension of covered periods, are positive developments for both PPP borrowers and lenders. Generally, these alterations are expected to increase forgiveness amounts and reduce or eliminate any […]
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Regulators Provide Regulatory Capital and Liquidity Relief to Banks
As banks across the country rush to process PPP loan applications and help borrowers in financial distress, regulators have issued two important interim final rules in the last week to provide regulatory capital relief and additional liquidity to institutions in the wake of COVID-19. As bank balance sheets swell from increased loan demand, we hope the combination of these new provisions relieves at least some of the stress currently facing institutions.
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Video: Credit Risk Management in Times of Uncertainty
In today’s video, Todd Sprang, Susan Sabo, and Erica Crain from the CLA Financial Institution team discuss managing credit risk in these uncertain times.
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Recording Available: PPP for Lenders Livestream
This video is a recording of Monday’s CLA Livestream broadcast in the event you missed our live event. Todd Sprang, Leslie Boyd, and Charlie Cameron cover the key issues facing lenders to date related to lending through the Paycheck Protection Program (“PPP”).
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Paycheck Protection Program- Additional Help Available for Stressed Lenders
Because many financial institutions are experiencing strong interest from current borrowers as well as potential new borrowers to their institution, they are evaluating the need and benefit of seeking the assistance of agents to help ensure more accurate data submission, ensure program compliance, and improve timeliness of application submissions. CLA is here to help financial institutions through the PPP process.
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All Insured Depository Institutions Should Strongly Consider Becoming PPP Lenders
Based on documents released from the Treasury on March 31, 2020, we now believe that all insured depository institutions will not only be eligible to participate as lenders in the Paycheck Protection Program (“PPP”), but will be quickly accepted by the SBA with a very limited approval process. The process may be as simple as […]