Tag : SBA

Square announces Terminal API at Unboxed 2020 Conference
Banking Business Capital Markets Fintech News

PPP in Review: Square Capital Has Facilitated Over $820M in Stimulus Loans to 76,000+ Small Businesses Across All 50 States

Fintech News Desk
by Fintech News Desk0
Since we began processing Payroll Protection Program (PPP) applications on April 29, 2020, as of June 10, Square Capital has facilitated more than $820 million in PPP loans, providing access to a financial lifeline to more than 76,000 small businesses. That’s an average loan of less than $11,000, with 97%......
Hancock Whitney Brings Paycheck Protection Program Funds to 12,000+ Gulf South Businesses with Digital Lending from FIS and Numerated
Artificial Intelligence Banking Business Fintech Fintech Funding News

Hancock Whitney Brings Paycheck Protection Program Funds to 12,000+ Gulf South Businesses with Digital Lending from FIS and Numerated

Fintech News Desk
by Fintech News Desk0
Hancock Whitney partnered with financial technology solutions leaders FIS and Numerated to digitally transform its business lending capabilities during the COVID-19 pandemic. Digital lending technology from FIS and Numerated allowed the bank to speed and scale approval of Paycheck Protection Program (PPP) loan applications to help expedite relief funds to more than 12,000 businesses across......
Blue Prism Automates SBA PPP Loan Processing at Banks Saving More Than 85,000 Jobs and Helping Small Businesses Stay Afloat
Banking Business Fintech News

Blue Prism Automates SBA PPP Loan Processing at Banks Saving More Than 85,000 Jobs and Helping Small Businesses Stay Afloat

Fintech News Desk
by Fintech News Desk0
Proven Solution Supports Rounds of Federal Funding, Enabling Same-Day Processing of Thousands of Applications from Submissions, Bank Review, Underwriting, SBA Reporting, Approvals and Payment Blue Prism has teamed-up with Lateetud and ABBYY to support the US government’s latest COVID-19 relief efforts for small businesses, by helping to automate loan applications during the two rounds of funding, $349......
First Cohort of Cross River and Operation HOPE’s ‘Entrepreneur Training Program’ Graduates
Banking Business Fintech News

Cross River One of Top Paycheck Protection Program (PPP) Lenders in the Country, Saving Nearly 600,000 Jobs Through 105,000 Loans

Fintech News Desk
by Fintech News Desk0
Cross River Bank (“Cross River”), a leading innovator and provider of banking services for technology companies, announced that it has approved more than $4.7 billion in loans to small businesses across the country through both rounds of the Small Business Administration’s (SBA) Paycheck Protection Program (“PPP”). With an average loan......
Wolters Kluwer and Black Knight deepen strategic alliance to offer mortgage lenders a more complete origination solution
Banking Business Fintech News

Wolters Kluwer Further Develops TSoftPlus for Loan Forgiveness Stage of Paycheck Protection Program for Local Lenders of All Sizes

Fintech News Desk
by Fintech News Desk0
Market-Leading TSoftPlus to Help Facilitate PPP Loan Forgiveness End-to-End Workflow Wolters Kluwer Compliance Solutions is ready to help local lenders and their small business client recipients of Paycheck Protection Program (PPP) funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module. The comprehensive end-to-end solution will facilitate and automate......
Customers Bank Preserves Estimated 1 Million Jobs Across America; Originating over 80,000 PPP Loans; Supports Local Communities with Charitable Grants; Protects Team Members and Clients; Celebrates “Financial First Responders” Holiday
Banking Business Fintech Fintech Funding News

Customers Bank Preserves Estimated 1 Million Jobs Across America; Originating over 80,000 PPP Loans; Supports Local Communities with Charitable Grants; Protects Team Members and Clients; Celebrates “Financial First Responders” Holiday

Sayali Jillewar
by Sayali Jillewar0
Customers Bank, with fintech partners, has for the past several weeks been working with thousands of small businesses to take advantage of the second round of Paycheck Protection Program (PPP) loan funding. The East Coast-based super community bank, already a national SBA/government guaranteed lending leader, expanded well beyond its geographic......
Abrigo’s New Asset/Liability Management Solution Helps Optimize Performance at Community Financial Institutions
Business Fintech News

Abrigo Partners With CU Solutions Group on PPP Loan Forgiveness Solution

Fintech News Desk
by Fintech News Desk0
Abrigo announced it has partnered with CU Solutions Group (CUSG) in support of Abrigo’s Paycheck Protection Program (PPP) Forgiveness and Administration solution, part of the Sageworks SBA Lending solution, to aid credit unions in streamlining the loan forgiveness and administration process. The PPP forgiveness process is expected to be a......
Forgivable Loans for Baltimore-Area Small Businesses, Independent Contractors and Non-Profits Available from Lendistry
Banking Business Fintech News

Forgivable Loans for Baltimore-Area Small Businesses, Independent Contractors and Non-Profits Available from Lendistry

Fintech News Desk
by Fintech News Desk0
Lendistry, the leading fintech Community Development Financial Institution (CDFI), said funds remain available for forgivable loans to eligible small businesses, independent contractors and non-profit organizations in the City of Baltimore. Mayor Bernard C. “Jack” Young announced in April a $10 million commitment, with funding provided by Goldman Sachs under its 10,000 Small Businesses initiative,......
COVID-19 is Digitally Transforming Commercial Lending; Banks See Mass Adoption of Businesses Applying for Paycheck Protection Program Loans Online
Banking Business Fintech News

Numerated Launches Forgiveness Automation After Partnering with 70+ Banks to Originate 5% of Paycheck Protection Program Loans

Fintech News Desk
by Fintech News Desk0
Numerated, the financial technology company making it easy to purchase financial products from banks and credit unions, announced it has expanded its platform to automate Paycheck Protection Program loan forgiveness. As of , more than 70 banks and credit unions have used Numerated to launch digital lending for the Paycheck......
Abrigo’s New Asset/Liability Management Solution Helps Optimize Performance at Community Financial Institutions
Banking Business Fintech News

Four State Banking Associations Endorse Abrigo’s PPP Loan Forgiveness Solution

Fintech News Desk
by Fintech News Desk0
Four state and regional banking associations announced their endorsement of Abrigo’s Paycheck Protection Program (PPP) Forgiveness and Administration solution, part of the Sageworks SBA Lending solution, to aid their member banks in streamlining the loan forgiveness and administration process. Those associations include the California Community Bankers Network, Georgia Bankers Associations,......
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