TOPIC: Loans

Trusts as borrowers

Employee at a bank ($113MUSA)
I have a loan to a trust and so I'm wondering who we pull credit on and who we collect income documentation for??  We have a trustee signing papers and it is a trust for him and his wife.  They are also the ones repaying the loan.  Any help is appreciated.  Thanks

    How Borrowers Qualify for Second-Draw PPP Loan | Infographic

    With the SBA's Paycheck Protection Program portal open for second-draw loans starting today, I attached an infographic that helps lenders and borrowers understand how to apply and qualify for a second-draw loan. You can get more detail on this blog, too. I hope these are helpful! 

    If your institution is interested in streamlining the PPP origination and/or forgiveness process, please let me know. We can have you up and running within 48 hours. You can email me directly at jill.cacic@abrigo.com or send me a direct message.Â