Underwriting begins for $10M Harris County forgivable loan program

Applications for the Harris County forgivable loan program are now being reviewed by underwriters, though the timetable on when the funds will be disbursed to small business owners remains unclear.

The $10 million forgivable loan program is being administered by the Houston-Galveston Area Council. HGAC’s local development corporation announced April 24 that applications are currently being reviewed by assigned underwriters. Following the successful completion of the underwriting process, applications…