Tag Archive: "SBA"
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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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Video: Paycheck Protection Program for Lenders FAQs
This video is the first in a series of videos we will be releasing related on the key issues facing financial institutions in response to COVID-19. Today we address some of the most frequently asked questions we have received to date regarding lending through Paycheck Protection Program.
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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 […]