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On Monday (April 20th) oil prices reached below zero for the first time ever at negative $37 a barrel, meaning traders were paying money to get people to take oil for the month of May. A recent article from NPR says, “It’s a sign of just how imbalanced the global oil markets are.”
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Community Banks Provide Paycheck Protection Program Loans to Small Businesses with Teslar Software
Fintech enables banks to quickly and efficiency manage flood of PPP loan applications
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We have launched a free product called Teslar Unite – PPP. This module is designed to assist community bankers and small businesses with the SBA COVID-19 PPP loan application process. By leveraging Teslar Unite – PPP, financial institutions will have a portal integrated in their own website that will allow their small business customers to easily download the PPP loan application, fill it out, upload it and track the status of the loan. This module is available for free to all community financial institutions during the dates available for small businesses to apply for the COVID-19 PPP.
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Liberty National Bank Partners with Teslar Software to Streamline Commercial Lending
Bank selects advanced platform to increase portfolio management efficiencies, flexibility
Credit scores are a big deal. They’re used to determine if you can buy or rent a house, get a car, or even some jobs. FICO is implementing extensive changes to credit score calculations that will affect millions of Americans. An estimated 40 million Americans will see their score drop by 20 or more points, and equally as many might see as large of an increase.1
Bank of Zachary Partners with Teslar Software to Grow Commercial Lending
Bank positions new generation of lenders for success with streamlined processes, enhanced transparency
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Armor Bank Selects Teslar Software to Support Significant Growth
Bank chooses advanced platform to streamline and improve commercial lending process
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The Bureau of Economic Analysis recently released its advance estimate for the United States GDP for the fourth quarter of 2019, as well as the entire 2019 calendar year. They estimate real GDP grew at an annual rate of 2.1% in Q4 and 2.3% over the entire year. There were gains in both consumer spending and residential investment, a good sign for future economic expansion.
Community State Bank Selects Teslar Software
Bank chooses robust platform to streamline commercial lending process, strengthen customer relationships
We're looking forward to our first conference of the year this weekend! This year is going to be jam-packed for Teslar! We're excited to showcase our software solution that will empower community bankers. We hope to see and meet both new and existing customers at one of these conferences throughout 2020!