“Many of our clients’ previous lenders are not participating in the program this round, so we’ve partnered with ACAP and The Loan Source to make the application and forgiveness process simple and straightforward. We also found many of our clients struggling to apply due to smaller lenders being overwhelmed, or larger banks segmenting clients into tiers. In cooperation with ACAP & The Loan Source, we give all our clients equal service and attention for their application.”

“These guys have national experience as SBA lenders and a significant portfolio of PPP loans already on the books. Their online application system is really easy. So we thought it was a good option for small businesses in Kansas City.”

“The ACAP portal is one of the best services available for PPP loans, with ACAP & The Loan Source having serviced more than 35,000 PPP loans for $4.7 billion to date. This partnership provides our customers and others in our community with a more streamlined approach to PPP 2.0 application and forgiveness process. It also allows us to expand our reach to more non-WSFS customers, including those in underserved communities who struggled to gain access to PPP funds in the first round. Together with ACAP and The Loan Source, we are confident that our customers and others in our community will be best served and we will achieve extraordinary results.”

“ [Northeast Bank] decided to sell the bank’s PPP loans out of concern about the requirements to properly service the loans and handle the forgiveness process, pointing to the government’s ever-changing rules. The bank has a deep relationship with The Loan Source group, providing comfort that its PPP borrowers will continue to receive solid customer service. The bank considered a technology purchase to handle the process but ultimately thought the risks of keeping the process in-house outweighed the benefits.”