PPP Loan Forgiveness Readiness Assessment

Do You Need a PPP Loan Forgiveness Readiness Assessment?

We hope you found our article on PPP Loan forgiveness informative. To assist you in evaluating your preparedness for the incoming influx of PPP Loan forgiveness applications, we have created four questions that we think will help you assess if you are ready to handle the expected volume. This should be a quick exercise, where, if you are honest, you will gain a better understanding of the criteria we believe your financial institution needs to meet to be prepared.

PPP Loan Forgiveness Readiness Assessment

Question 1*
If you participated in PPP, did you utilize an electronic application completed by the borrower/applicant and workflow that captured application data for a seamless electronic interface to the SBA, your loan documentation system and for loan boarding to your core? Do you plan to do the same for PPP forgiveness applications?
- Yes
- No
Question 2*
Have you documented all decisions, processes and procedures related to borrowers which were permitted to apply with your institution (existing business borrowers and/or depositors vs. non-existing), application processing, PPP loan eligibility evaluation per application, KYC/CIP, Reg O, Reg B and other applicable regulatory compliance procedures, loan documentation, loan closing/funding/boarding and planned loan forgiveness application procedures?
- Yes
- No
Question 3*
Have you documented an overall PPP borrower communication plan to span the payment deferral timeframe in order to maximize loan forgiveness applications and manage related application inflows?
- Yes
- No
Question 4*
Have you documented strategic goals for PPP loan portfolio forgiveness, unforgiven loan (partial or full) balances, PPP loan collection efforts as needed to ensure SBA guaranty eligibility and potential PPP loan sales?
- Yes
- No
Congratulations!

We believe you are prepared to handle the projected influx of PPP Loan forgiveness applications. Although we think you are in good shape, we would still be happy to connect if you have any questions or need someone to converse with about the PPP Loan program. If you would like to speak with one of our experts, fill out your contact information below and we’d love to have a conversation with you.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
We think we could assist you in ramping up your preparedness for the projected influx of PPP Loan forgiveness applications. At Cornerstone Advisors, we realize that this is a new need that has to be addressed very quickly. With that in mind, we have created a team of specialists prepared to work with you to create a project team, develop responsibilities for each role and facilitate remote workshops to ensure the entire team is ready to process the PPP Loan forgiveness applications in a timely and efficient manner.
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