PPP Forgiveness

Updated October 9, 2020 - Harvest Small Business Finance is still awaiting final guidance on the PPP forgiveness application and process. We are expecting final instructions to be released after November 3rd, however we can start accepting forgiveness application for loans greater $150,000 since we do not expect the forgiveness criteria to change for these loans and for loans $50,000 or less using the new SBA Form 3508S application. Please contact ppp@harvestcref.com for more information.
 
Once the forgiveness application process is finalized, we will be sending out an email announcement to each Harvest applicant. In the meantime, please review the forgiveness instructions and applications below to ensure you have required documentation ready for submission.

PPP-IFR explaining borrower options for the extended 24 week and 5 year maturity (Download)

PPP Loan Forgiveness Form 3508EZ (EZ version) Instructions (Download)
PPP Loan Forgiveness Form 3508EZ (EZ version) Application (Download)

PPP Loan Forgiveness Form 3508 (full version) Instructions (Download)
PPP Loan Forgiveness Form 3508 (full version) Application (Download)
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IFR on Additional Revisions to Loan Forgiveness & Loan Review Procedures (released 10.8.20) (Click Here)
 
PPP Loan Forgiveness Form 3508S ($50k or less version) Instructions (Click Here)
 PPP Loan Forgiveness Form 3508S ($50k or less version) Application (Click Here)
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PPP Forgiveness FAQ (Click Here) ​

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Harvest is currently working on existing borrower communication related to applying for PPP Forgiveness.
​Instructions to be released shortly.

Alternative COVID-19 Loan Option
For Small Businesses impacted by Coronvirus, the SBA will provide up to $2 million in Disaster Assistance Loans. 

Apply for loan

Nationwide Direct Non-Bank Lender
Transactional Loans
SBA 504 and Non-SBA Conventional
Owner-Occupied Properties

Harvest Commercial Capital, LLC (“Harvest”) is a non-bank lender with the specific goal of serving small business borrowers who have traditionally been ignored by large, regional, and community banks. The increased regulatory burden placed on banks has created a standardized approach to Commercial Real Estate (CRE) lending, leaving many small businesses behind. With a company mindset dedicated to solution oriented CRE lending, Harvest fills the void created by traditional bank and finance companies. We offer commercial real estate loans starting at $200,000 up to $5 million to customers in most industries. ​

Formed in 2016 and headquartered in Laguna Hills, California, Harvest is an affiliate of Medalist Partners, LP ("Medalist"), a New York based investment manager with approximately $2.5 billion in assets under management (AUM) as of June 30, 2019 across strategies in structured credit and asset finance.​

LENDING HIGHLIGHTS

• 504 Projects up to $10 million, nationwide

• Conventional (Non-SBA) Financing up to $5 million, Nationwide

• 65% LTV Conventional Financing, Cash Out, FICO Scores down to 600

• Historical BKs, Short Sales, and Foreclosures okay

• Committed to hitting deadlines, structuring loans, and saving deals

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