Words From The Efficiency Experts

Teslar Software Launches Indirect Lending Solution

Posted by Teslar Software on Wed, Sep 14, 2022

Teslar Software today announced the launch of its indirect lending solution, which empowers community financial institutions to offer indirect lending services to local business and consumers in a way that’s quick, efficient and digitally optimized. Joe Ehrhardt, CEO and founder of Teslar Software, demoed the solution Monday at FinovateFall in New York.

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We’re FinXTech Awards Semifinalists!

Posted by Teslar Software on Mon, Mar 8, 2021

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!

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We're Finovate Awards Winners!

Posted by Teslar Software on Tue, Sep 15, 2020

We are Finovate Awards winners! Teslar Software was announced winner of Best Fintech Partnership for our efforts with PPP.bank (a free website we created in collaboration with Citizens Bank of Edmond and Mark Cuban) at 2020 FinovateFall Digital.

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PPP Fraud Continues

Posted by Bethany Wood on Fri, Aug 28, 2020

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.

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Why you might not be eligible for PPP loan forgiveness

Posted by Bethany Wood on Wed, Aug 19, 2020

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.

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Teslar Software's New Board Member

Posted by Teslar Software on Wed, Jul 29, 2020


ICBA’s Kevin Tweddle Joins Teslar Software Board of Directors

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

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Teslar Software to Participate in PPP Tech | Loan Forgiveness Solution Sprint

Posted by Teslar Software on Wed, May 20, 2020

Teslar Software will be participating in an exciting virtual event alongside other fintechs tomorrow (Thursday, May 21st) at 11:00am CDT! The Alliance for Innovative Regulation, the ICBA, and the Venture Center are hosting “PPP Tech | Loan Forgiveness Solution Sprint,” a virtual event to showcase technology solutions to help with PPP Forgiveness-- reporting, managing, and servicing these loans. Each invited fintech will spend five minutes demonstrating their solution followed by a Q&A session with community bank leaders.  

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Oil Prices Fall Below Zero – What Does That Mean?

Posted by Bethany Wood on Mon, Apr 27, 2020

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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Teslar introduces Teslar Unite-PPP free to community banks during COVID-19

Posted by Teslar Software on Thu, Apr 2, 2020

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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Upcoming Changes to FICO Credit Scores

Posted by Bethany Wood on Wed, Mar 25, 2020

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

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