ForwardLine Financial, a leading direct lender of small business loans, announced on May 1, 2020 that it has been certified as a Paycheck Protection Program lender. The Paycheck Protection Program is a $669-billion business loan program established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The program is designed to help businesses keep their workforce employed during the COVID-19 pandemic.
“We are committed to helping businesses during these unprecedented, challenging times,” said Steve Carlson, ForwardLine’s CEO. “As a certified PPP lender, we are uniquely positioned to fulfill our mission of improving the financial health of America’s small businesses—especially the true Main Street merchants who we have proudly served since 2003. We look forward to expanding on our role in helping America’s small business owners survive the COVID-19 crisis and to return to fueling the growth of America.”
Small businesses across the country are hurting as “Safer-at-Home” mandates have forced companies to temporarily shut down. Carlson continued, “While some municipalities are beginning to open up, it’s clear that small business owners will need on-going assistance to make it through the crisis. We’re focused on providing products, services, and support to help business owners move forward.”
The company will follow the SBA’s guidance as the Paycheck Protection Program continues to evolve. For updates, please visit forwardline.com/ppp.