We’re FinXTech Awards Semifinalists!
We are excited to announce that Teslar Software has been chosen as a semifinalist in the Best Solution for Lending category for Bank Director’s 2021 Best of FinXTech Awards!
Teslar Software hosted an ICBA webinar on September 23rd, 2020 and David Hamrick, Account Executive at Teslar, gave an amazing presentation!
In this webinar, David introduces Teslar and how we provide automated workflow, portfolio and exceptions management, and loan review and collections tools to streamline processes with easy access to relevant information needed to operate.
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.