BROOKFIELD, Wis.– Fiserv, which is reporting it worked with hundreds of financial institutions across the United States to help facilitate more than 100,000 Paycheck Protection Program loans to small businesses earlier this year, said it continues to provide technology support to make the process more efficient as a new PPP funding round opens.
Fiserv said it is providing PPP lending support in conjunction with StreetShares, which offers business lending solutions technology to allow community banks and credit unions to affordably make small business loans with a 100% digital, omni-channel experience.
Fiserv noted it also recently announced a program to provide free and lower-cost PPP forgiveness applications to Minority Depository Institutions and minority-owned businesses, and will also offer MDIs free and lower-cost access to this new end-to-end PPP offering.
“Our team has been working incredibly hard to ensure immediate access to this next round of funding for as many institutions and businesses as possible,” said Todd Horvath, group president of Account Processing at Fiserv. “We are confident that the approach we are taking will simplify the task of applying for and originating a loan and get relief to business owners, employees and communities as soon as possible.”