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