Posted By: Patricia
PPP loan borrower deceased - 05/28/21 05:38 PM
The bank made a PPP loan to a borrower who has recently died and there is no co-borrower. Has anyone had this happen?
Posted By: Tater
Re: PPP loan borrower deceased - 05/28/21 06:14 PM
Yes. Guidance from SBA has been spotty. Our local office directed us to rely on the heirs to complete the forgiveness application/process. However we have not successfully received forgiveness at this time.