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.
- 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.
- 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.
- 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.