Second Draw PPP Loans Present Significant Complexity for Borrowers and Lenders

by Sal Trifilio on January 07, 2021

Jan. 6 marked the deadline for the Small Business Administration and Treasury Department to begin issuing guidance for the next round of the Paycheck...

PPP Relaunching Soon, Brings Major Changes, New SBA Platform for Lenders

by Lisa Adams on January 04, 2021

There has never been greater urgency to automate than now. PPP is relaunching as early as Monday, January 11th with significant technology...

Numerated Paycheck Protection Program Loan Forgiveness Data - Week of Jan. 4

by Sal Trifilio on January 04, 2021
Approximately 21% of PPP borrowers have submitted applications to the SBA, with roughly 15% receiving full or partial Forgiveness

BOSTON (January 4,...

Prepared to Staff 10,000+ Hours of PPP Loan Processing? How Smart Lenders Are Eliminating 88% of the Work

by Lisa Adams on December 30, 2020

The new round of funding for PPP is here and demand is predicted to be extremely high. Within the coming weeks, applications will be pouring in from...

With Stimulus Signed, Here Are 3 Things Banks and Credit Unions Need to Know

by Sal Trifilio on December 28, 2020

The day before his inaction would force a government shutdown, the President backed down from his fight over stimulus checks to sign the COVID-19...