Removing Barriers Blog

CUNA and Joint Trades send a letter to Administrator Jovita Carranza and Secretary Steven Mnuchin on PPP Loan Forgiveness
Posted June 02, 2020 by Chandler Schuette

CUNA and joint trades sent a letter to Administrator Jovita Carranza and Secretary Steven Mnuchin, to express concerns about the complexity of the Paycheck Protection Program’s loan forgiveness process. 

"Credit unions are concerned that the recently published application for loan forgiveness is overly comple for most businesses," the letter states. "The complexity of the forgiveness process presents an even greater challenge for small business as they have fewer resources to deploy on an overly complex application process."