Parts 1 and 2 of the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed two key pieces of the entire process: The lender’s responsibilities and the borrower’s responsibilities. The details of these topics can be found in the main source of the Forgiveness Series: the BBVA USA Forgiveness Webinar, a comprehensive look into the PPP that untangles frequent questions. 

If the context in which banks and companies interacted last year was already complicated due to the political and economic uncertainty, combined with the low interest rate scenario, the arrival of the COVID-19 pandemic last March further complicated this context by forcing nearly everyone into lockdown. Investment banks were a key component for the survival of large corporations. Jose Ramón Vizmanos, the Head of Global Client Coverage at BBVA Corporate & Investment Banking, explained this to the financial newspaper Cinco Días in an interview this summer.

The housing market is a complex entity that can confuse most Americans, especially when considering the various factors that influence it. Further adding to this entanglement that consumers must unravel are the impacts from the COVID-19 pandemic.

Millennials are the generation known as the tech generation, the echo generation, along with other monikers. However, they’re also known for their reluctance to buy homes. There have been many reasons for this trend among millennials, according to BBVA USA Head of Mortgage Banking Murat Kalkan.

Last week, the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed  the PPP lender’s responsibilities, which can be found here. The second part of the bank’s PPP forgiveness webinar provided an overview of the borrower’s responsibilities and this article highlights some of the borrower’s responsibilities.