Words From The Efficiency Experts

Get a head start on the new round of PPP with Teslar

Posted by Bethany Wood on Tue, Dec 15, 2020

Community bankers and small business are anxiously awaiting the arrival of the next stimulus bill, which will more than likely include another round of funds for the Paycheck Protection Program. At this time, there is no official ruling, and all details are based on probability and speculation, but we learned last time that this program is fast-moving and ever-changing. By our commitment to helping make PPP an easier process for community bankers and their customers, we’re back with an all new module for this new round.

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50 New Banks Leverage Teslar Software for PPP Forgiveness and Lending Initiatives

Posted by Teslar Software on Tue, Sep 15, 2020

 

50 New Banks Leverage Teslar Software for PPP Forgiveness and Lending Initiatives

Fintech helps community banks support their local businesses in time of need

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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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New Details on PPP Forgiveness Solution

Posted by Bethany Wood on Thu, Aug 13, 2020

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.

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Should You Wait to Apply for PPP Forgiveness?

Posted by Bethany Wood on Wed, Jul 29, 2020

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.

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