Banking Fintech News

FINSYNC Provides Small Lenders Immediate PPP Advantage With Plug-And-Play Solution

FINSYNC Launches Cooperative Structure to Help Community-Based Financial Institutions Compete

First Reliance Bank goes from signup to streamlined processing on the same day with FINSYNC’s free online loan application and lender’s portal

FINSYNC, Inc., a leading provider of payment technologies and cash flow management software, is partnering with small and local lenders to provide their clients with significantly faster loan processing and funding for the SBA’s Payroll Protection Program (PPP) via a plug-and-play online loan application and Lender’s Portal.

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FINSYNC is partnering with online lenders to help streamline their clients’ loan application processing and funding for the SBA’s PPP.

“Our PPP loan processing solution enables banks and credit unions to get more businesses funded quickly, and we are offering it at no charge,” said Eddie Davis, Sr. VP Sales & Operations. “FINSYNC’s plug-and-play solution can be deployed in minutes and makes life easier for businesses applying for funding, and for lenders that are processing their applications.”

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First Reliance Bank Teams up With FINSYNC

Financial institutions like First Reliance Bank are partnering with FINSYNC to meet their small business clients’ needs and streamline the application process.

“We were looking for a way to serve our business clients with a streamlined solution for PPP applications that would allow our bank to efficiently process and get funding distributed,” said John Lindley, VP Business Operations at First Reliance Bank. “We deployed FINSYNC’s electronic loan application and Lender’s Portal the day we learned of the solution, and shortly after were getting SBA loan numbers and funding loans.”

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