Key Lender Risks with PPP Loan Exits
With ongoing issuance of legislation and guidance surrounding the Small Business Administration (SBA) Paycheck Protection Program (PPP), lenders have increased risks administering these public funds.
Particularly, evaluating applications for loan forgiveness has become increasingly complex with the recent passage of the Paycheck Protection Program Flexibility Act. Repayment of loans and eligibility for loan forgiveness now has increased borrower-optionality, extended deadlines and allowance for partial forgiveness, complicating payment processing and loan exits.
FTI Consulting offers solutions for effective strategies and efficient processes to mitigate risks and result in a successful program conclusion and a positive reputation for participating firms. FTI Consulting has extensive experience with loan program processing and reviews and has specific loan exit experience. Our team can leverage the following capabilities to create a comprehensive and tailored plan that we believe will be instrumental in successful execution of the SBA Paycheck Protection Program.