50 New Banks Leverage Teslar Software for PPP Forgiveness and Lending Initiatives
Fintech helps community banks support their local businesses in time of need
Teslar Software and Citizens Bank of Edmond Named Finovate Awards Finalist
Fintech and bank recognized for collaboration on PPP.bank
While the number still remains small, the amount of Paycheck Protection Program (PPP) fraud cases continues to rise.
PPP loans have provided a much-needed lifeline to many small businesses, non-profits, and sole proprietors during the Coronavirus pandemic, however the rushed creation of this program is starting to show its negative side effects. Just this week, we’ve seen two new arrests in relation to PPP fraud.
The coverage of the Paycheck Protection Program and PPP forgiveness has been so vast that many of the additional loans, grants, and other aid given since Coronavirus shutdowns began in March have been brushed to the side. With such a focus on the forgiveness of PPP loans, many loan recipients who received additional government aid may be in for a shock when they determine their forgiveness amount.
Please join us in welcoming Ryan Bratton to our engineering team as the newest Software Engineer!
You may have already heard about our PPP Forgiveness solution, Teslar PPP Forgiveness, but did you know we are integrated with SBA’s API? The direct API connection allows the lender to submit the application form with supporting documents to the SBA for approval easily through Teslar, saving you from having to use 10+ documents, answer questions and submit for each loan on your own to the SBA.
Teslar Software will be hosting an ICBA webinar in September! Join David Hamrick, Account Executive at Teslar, to see why bankers choose Teslar Software and how we can empower community bankers.
Teslar is excited to announce that we will be attending the 2020 Jack Henry Annual Conference (JAC) & TechConnect in October! We’re excited to see this conference go virtual and we’re ready to navigate this new way of networking.
ICBA’s Kevin Tweddle Joins Teslar Software Board of Directors
Tweddle brings innovative insights, leadership and industry connections to well-appointed board