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Wolters Kluwer Launches New Solution for All US Banks and Credit Unions to Facilitate SBA Program – Paycheck Protection Program Supported by TSoftPlus

Wolters Kluwer Launches New Solution for All US Banks and Credit Unions to Facilitate SBA Program - Paycheck Protection Program Supported by TSoftPlus

Simplifies and Speeds Compliant SBA Paycheck Protection Program Loans

In response to Congressional passage of the CARES Act (Coronavirus Aid, Relief and Economic Security Act), Wolters Kluwer Compliance Solutions has launched a dedicated solution, Paycheck Protection Program supported by TSoftPlus™, utilizing its market-leading SaaS-based TSoftPlus software. The solution is designed to help banks and credit unions support small businesses with payroll funding during the COVID-19 crisis.

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“Lenders cannot afford to overlook compliance, and so I would encourage all banks and credit unions to take advantage of this dedicated solution that combines the market-leading capabilities of TSoftPlus, our strong compliance support services, and our unparalleled commitment to serving lenders of all size.”

Wolters Kluwer’s TSoftPlus software provides a reliable, compliant and user-friendly platform for lenders of all sizes to participate in Small Business Administration (SBA) loan programs, including the limited-time SBA Paycheck Protection Program that is part of the CARES Act. The solution enables banks and credit unions to process loans for small businesses with greater speed, confidence and compliance. Notably, the solution also includes free and dedicated training as well as Wolters Kluwer support services for lenders new to the program.

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The ability to approve and fund SBA loans quickly is critical to supporting small businesses during these unprecedented times. Accordingly, Wolters Kluwer is offering all lenders its compliance expertise via free training sessions, a series of informative webinars, and access to its U.S.-based customer support team to educate lenders about the SBA’s Paycheck Protection Program. Additionally, all lenders will now be able to promptly access the Paycheck Protection Program solution without any upfront costs, helping them to meet the urgent needs of small businesses in their local communities.

“Through this special program, Wolters Kluwer stands ready to support the needs of small businesses that are critical to our national economy,” said Steve Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions. “Lenders cannot afford to overlook compliance, and so I would encourage all banks and credit unions to take advantage of this dedicated solution that combines the market-leading capabilities of TSoftPlus, our strong compliance support services, and our unparalleled commitment to serving lenders of all size.”

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