Search Results for: PPP lending

Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders
Banking Business Finance News

Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index™ Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. However, small banks’ approvals jumped higher from 18.2% in April, to 18.7% in May. “Loan approvals by small banks rose 0.3% as banks start to assess the......
Fiserv Provides Preliminary 2021 Outlook and Expectations for Medium-Term Financial Performance at its Investor Conference
Artificial Intelligence Banking Fintech Investment Services News

Financial Institutions Can Streamline New Round of PPP Lending With Fiserv

Fintech News Desk
by Fintech News Desk0
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is ready to help financial institutions facilitate paycheck protection loan applications and service loans made through the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). New funding for the program was signed into law......
People’s Bank Celebrates Success in PPP Lending
Banking Business Fintech News

People’s Bank Celebrates Success in PPP Lending

Fintech News Desk
by Fintech News Desk0
People’s Bank of Commerce reports significant support of its communities in providing Paycheck Protection Program (PPP) Loans during the COVID-19 crisis. To date, the community bank has provided over 900 PPP loans totaling $91 million to small businesses. The SBA processing fee from these loans will generate $3.6 million in......
LendingClub Bank Supports Extended Paycheck Protection Program (PPP)
Digital Digital Payments Fintech News

LendingClub Bank Supports Extended Paycheck Protection Program (PPP)

Fintech News Desk
by Fintech News Desk0
Program Recognized for Client Innovation During the Pandemic by Celent On March 30, 2021 President Joseph Biden signed the “PPP Extension Act of 2021” extending the Paycheck Protection Program (“PPP”) from March 31st to May 31st, to aid small businesses amidst a difficult financial year as a result of the global COVID-19 pandemic. With the program extending,......
Berkshire Bank Taps Cirrus to Support Small Business and PPP-Related Lending Initiatives
Banking Fintech News

Berkshire Bank Taps Cirrus to Support Small Business and PPP-Related Lending Initiatives

Fintech News Desk
by Fintech News Desk0
Cirrus, a provider of cloud-based document management software, announced that Berkshire Bank has selected the company’s enhanced secure document collection portal to help the bank manage an influx of SBA loan requests, including 942 PPP loans on the first day of the program. Read More: Reef Finance Becomes the Marquee Project......
Banking Fintech News

FIS Sees Robust Processing Volumes on Real-Time Lending Platform for Latest Round of PPP Loans

Fintech News Desk
by Fintech News Desk0
Financial technology leader FIS® (NYSE: FIS) announced today that it is seeing robust processing volumes on its Real-Time Lending (RTL) platform in the newest round of funding under the Small Business Administration’s Paycheck Protection Program. Through the first two weeks of the program, FIS has successfully processed nearly $8 billion......
LendingFront-Announces-New-PPP-Loan-Management-Solution-for-Small-Business-Lenders
Business Fintech Investment Services News

LendingFront Announces New PPP Loan Management Solution For Small Business Lenders

Fintech News Desk
by Fintech News Desk0
LendingFront, a leading fintech operating system that powers small business credit for community banks, credit unions, CDFIs, payment processors and alternative lenders, today announced a new solution integrated with its lending platform designed specifically for the Small Business Association’s Payment Protection Program (PPP). Read More:  iProov Partners With TRUSTDOCK to......
Seiling State Bank Signs with Teslar Software to Improve Commercial Lending
Fintech News

50 New Banks Leverage Teslar Software for PPP Forgiveness and Lending Initiatives

Fintech News Desk
by Fintech News Desk0
Fintech helps community banks support their local businesses in time of need Teslar Software, a provider of automated workflow and portfolio management tools designed to help community financial institutions thrive, announced today that it has added 50 new clients in the last 90 days. Teslar will help these banks manage......
Community Financial Institutions Use Abrigo's SBA Lending Platform to Submit Nearly 28,000 PPP Loans in Second Round of Funding
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Community Financial Institutions Use Abrigo’s SBA Lending Platform to Submit Nearly 28,000 PPP Loans in Second Round of Funding

Fintech News Desk
by Fintech News Desk0
Community financial institutions (CFI) will use Abrigo’s SBA Lending solution to begin submitting nearly 28,000 Paycheck Protection Program (PPP) applications totaling nearly $3 billion in loans to help small businesses in their communities. Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits Abrigo, a leading technology provider......
CSI Offers Community Banks Digital Lending Tools to Streamline SBA Paycheck Protection Program (PPP) Loans
Banking Fintech News

CSI Offers Community Banks Digital Lending Tools to Streamline SBA Paycheck Protection Program (PPP) Loans

Fintech News Desk
by Fintech News Desk0
Community banks can accept applications online, accept e-signatures to quickly aid businesses affected by the COVID-19 pandemic  Computer Services, Inc, a provider of integrated financial technology solutions, has expanded its digital commercial loan services to provide community banks a streamlined, expedited origination process for the U.S. Small Business Administration (SBA)......
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