Paycheck Protection Program (PPP) Loans

Round 2 of funding has been released. Are you ready?

Fiserv has worked diligently since the SBA PPP program was launched to navigate the loan application process and secure approvals for our clients’ small business customers. We are proud to have secured thousands of PPP loans for the small businesses in our FI communities and remain committed to helping our clients navigate through these challenging times.

Lessons Learned

  • Not all applications were processed
  • Processing was manual and cumbersome with some “turn-key” solutions that were sold by online marketplaces and vendors
  • E-Tran did experience some outages and became less cooperative as the volume of institutions grew and came online
  • Electronic communication and integration with E-Tran has become mission critical to ensure your applications are received
  • SBA is NOT accepting a “waiting queue” at the moment. If your institution plans on participating in additional rounds of funding you will need a better approach

What’s Next?

  • Are you ready for Round 2 and do you have a digital solution ready?
  • Are you able to quickly gather and submit your applications ?
  • Set yourself up for success with a digitally enabled solution with online application, flow management and E-Tran integration

Want to see the solution in action?

View Demo

Be ready for the anticipated next round of funding and streamline your PPP lending with our 100% digital solution.

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Simplified Digital Experience

Establish trust with your small business customers by providing a paperless, 100% digital application process.


Shrink Process Times

Leverage our digital document capture, verification and data extraction services.


Integration with SBA & Core

Integration with the SBA and capabilities for both existing and non-existing Fiserv clients.


Rapid Implementation

A robust solution with no integration project required; live in as early as 24-48 hours.


Important PPP details for you and your customers

Use of funds

• Payroll (employee salaries and benefits), mortgage interest, rent, utilities, and interest on other debt. See SBA & U.S. Treasury rules for definitions and restrictions.

Loan Amount

• Up to 2.5x average monthly payroll over the past 12 months


• Payments are deferred for the first 6 months

• Term length is 2 years


&bul; Fixed 1% Annual Percentage Rate

Processing Fees to Lender

• SBA will reimburse the lender processing fees for each covered loan made

  • 5 percent for loans of not more than $350,000
  • 3 percent of loans of more than $350,000 and less than $2,000,000
  • 1 percent for loans greater than $2,000,000


• Up to 100% for funds used for approved purposes like payroll

• No more than 25% of the forgiven amount may be used for purposes other than payroll

SBA Guaranteed

• SBA guarantees 100% of the loan