Teslar Software and Citizens Bank of Edmond Named Finovate Awards Finalist

Teslar Software and Citizens Bank of Edmond Named Finovate Awards Finalist

Fintech and bank recognized for collaboration on PPP.bank

PPP Fraud Continues

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.

Why you might not be eligible for PPP loan forgiveness

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.

Welcome Ryan to the Team

Please join us in welcoming Ryan Bratton to our engineering team as the newest Software Engineer!

New Details on PPP Forgiveness Solution

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 to Host ICBA Webinar - REGISTER TODAY!

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 Software to attend the Jack Henry Annual Conference

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.

Teslar Software's New Board Member

ICBA’s Kevin Tweddle Joins Teslar Software Board of Directors

 Tweddle brings innovative insights, leadership and industry connections to well-appointed board

Should You Wait to Apply for PPP Forgiveness?

The Paycheck Protection Program is top of mind for many small businesses, CPAs, and lenders. Understandably, many loan recipients are chomping at the bit to begin the forgiveness process and have some certainty regarding their payback amount. While the eagerness to get the PPP forgiveness process started is not unfounded, experts are advising against getting in a rush to apply. There are many reasons waiting might be the best option.

Refining Your Bank’s Loan Review and Special Assets Processes for the Coming Economic Storm

Experts have been predicting a coming recession long before Coronavirus was on the world’s radar, but nobody was quite expecting the global health pandemic that is currently wreaking havoc on America’s economy. Current economic trends are being compared to those of The Great Recession of 2008. While there are some discrepancies between the two, this still leaves bankers with a little bit of an advantage in knowing what’s suspected to come— many loans are going to become criticized.