Intelligent Paycheck Protection Program Automation for Lenders
TurnKey Lender joins the global effort to mitigate the COVID-19 crisis. The company provides an intelligent end-to-end solution that automates every step of the lending process for lenders operating under the Paycheck Protection Program.
The lending-management system comes preconfigured to meet the needs of lenders who qualify to issue loans under this program. The system can be deployed within 1 day and provides an AI-driven credit decisioning engine that helps pre-qualify applicants within 2 minutes.
One of the measures in the new Coronavirus Aid, Relief, and Economic Security (CARES) Act is the Paycheck Protection Program. This is a $350 billion program that is intended to provide American small businesses with eight weeks of cash-flow assistance through 100% federally guaranteed loans.
How the TurnKey Lender Solution for Paycheck Protection Program Works:
In this time of need, easy access to affordable credit is more important than ever. TurnKey Lender offers an intelligent Unified Lending Management Solution that automates every step of the crediting process. This includes application processing, risk assessment, decisioning, loan origination, underwriting, collateral, servicing, collection, reporting, archiving, compliance, and more.
The Solution comes with decision rules which are tailored to the conditions of the Paycheck Protection Program. You can put your entire loan management operation on autopilot with:
- Streamlined loan origination
- Intelligent AI-powered decision-making
- Simplified loan management
- Automated loan collection and payment alerts
TurnKey Lender’s Paycheck Protection software allows for:
Immediate launch of the online PPP application form.
End-to-end intelligent automation of every step of the lending process tailored to the needs of the Paycheck Protection lenders.
Built-in regulatory updates. Your lending program always complies with new rules as they are published. And without a dedicated compliance team.
Easy deployment from our secure, cloud-based platform. Your team gets up-to-speed quickly with intuitive process flows, user-friendly training modules, and 24/7 support.
COVID-19 is changing the way business worldwide is done. Lenders who were once on the fence about digitalization have no choice but to go completely digital. TurnKey Lender is prepared to offer creditors intelligent bank-grade automation today. The solution is easy-to-use and deploys within one business day.
The Paycheck Protection Program is an enormous opportunity for creditors to provide a helping hand within their community while adapting their business to the new market reality. To check your eligibility for this program, visit the SBA website. And if you have any automation needs that require secure, contactless, paycheck protection loans, get in touch with a TurnKey Lender team member or request a personalized demo through the links provided below. We have the expertise and the software to automate your lending process based on your specific business needs.
To Contact TurnKey Lender: https://go.turnkey-lender.com/sba-paycheck-protection-program/