Testimonials

Testimonial

Northeast Bank, Rick Wayne, President and CEO

“ [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.”