Video: Paycheck Protection Program for Lenders FAQs
This video is the first in a series we will be releasing addressing the key issues facing financial institutions in response to COVID-19.
Today, we cover some of the most frequently asked questions we have received to date regarding lending through the Paycheck Protection Program (“PPP”).
Some of these questions include:
- Who can lend under PPP?
- How can institutions apply to be a PPP lender?
- Can financial institutions borrow funds through the PPP program themselves?
- How are lenders compensated under PPP?
- What type of customer information is needed for PPP lending?
CLA is here to help you during the PPP lending process as well as with other issues you may be facing related to COVID-19. Please contact us.
Click to Register and View Video
Amanda Garnett is a principal in the financial institutions practice of CliftonLarsonAllen (CLA) from Peoria, Illinois. She currently leads the firm’s Midwest financial institution tax team and serves institutions ranging in size from $15 million to $3.5 billion in total assets. In addition to tax compliance, Amanda assists clients in the areas of tax consulting, mergers and acquisitions, and regulatory reporting. She also routinely teaches courses for banking associations across the country.
Comments are closed.