New York-based Friedman LLP, an IPA 100 firm, is launching a new service designed to help relieve the pressure on lenders processing and managing a mountain of government-backed stimulus loans.
Led by co-MP Harriet Greenberg and partners Michael Sacco and Michael Greenwald, the firm’s Paycheck Protection Program (PPP) Forgiveness Service includes professionals who are familiar with bank functions and trained in the processing of loan forgiveness applications. The idea is for the Friedman teams to integrate into the lenders’ in-house loan processing departments, on a outsourced basis, to support calculations, identify areas that need to be reviewed more closely for risk factors, maintain regulatory compliance and manage the loan forgiveness application process from start to finish.