In response to the recently passed CARES Act, VonLehman is supporting local community financial institutions (FI) that are not accustomed to providing SBA lending, as well as SBA lenders who are burdened with large volumes of applications and without the resources to document loan forgiveness compliance. This effort is led by VonLehman’s specialized Financial Institutions Group, consisting of professionals dedicated to the service of community financial institutions and lenders.
Based on the Interim Final Rule, the key points to forgiveness are as follows:
Our team provides important third-party validation of your lending customer’s use of proceeds and related actions which the SBA requires to forgive the repayment of the loan. VonLehman’s Financial Institutions Group consists of former bank audit executives, auditors and tax professionals who understand SBA loans and the requirements of the Paycheck Protection Program (PPP).
Loan Forgiveness Verification: