Ready for PPP Forgiveness? How to Protect Your PPP Borrowers.

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Ready for PPP Forgiveness? How to Protect Your PPP Borrowers.

You’ve originated PPP loans, but there is still much to do. You know it’s time to maximize PPP forgiveness opportunity for your borrowers – but how? In just three steps, lenders like you are liberating themselves from the PPP servicing and forgiveness process and getting back to banking.

  1. Sell Your PPP Portfolio to a Non-Bank Servicing Expert
    Look for a PPP partner you can trust, capable of closely monitoring the ever-changing PPP regulations and guidelines. When Northeast Bank sold $457.6 million in PPP loans, they selected ACAP & The Loan Source, who exclusively provide expert PPP servicing.
  2. Guarantee Your Borrowers White-Glove PPP Loan Servicing
    Once your PPP portfolio is transferred, you instantly provide your borrowers the top-quality loan servicing and forgiveness they deserve. Knowing your customers are in good hands while eliminating future risk is a win-win for lenders.
  3. Close in a Week and Realize Your Loan Income Early
    Northeast Bank’s decision to sell its PPP loans resulted in a seamless transaction. The bank immediately recognized a gain of $9.7 million, with ACAP + The Loan Source providing transparent, customer care while exclusively servicing the PPP loans.

No longer distracted by the forgiveness process, lenders who partner with PPP servicing experts enjoy a boost in earnings while receiving ongoing support and peace-of-mind.