PPP Loan Forgiveness Processing for Institutions
Easy-to-implement document workflows that help financial institutions handle the second wave by capturing and routing all necessary loan documentation.
Wrap up PPP faster and more efficiently
The SBA has approved more than 1.6 million PPP loans totaling more than $342 million. The SBA and financial institutions faced major hurdles in getting so many applications approved in a short timeframe...but that was only the first wave. Q-ActionⓇ by QFlow Systems can help you successfully navigate the next one.
- Loan Forgiveness Application (SBA form 3508 or lender equivalent)
- Payroll reports
- Interest statements
- Rent payments
- Business utility payments
OUR CAPABILITIES
DOCUMENT CAPTURE
- Automate document ingestion and indexing
- Automatically capture borrower emails and attachments
- OCR scanned or photographed documents
SECURE CLOUD STORAGE
- Employees at your institution can safely collaborate from anywhere
- Encrypted personally identifiable information (PII) protects your institution and borrowers from compromises
AUTOMATED WORKFLOW
- Route documents for approvals automatically and electronically
- Reduce manual paperwork
- Speed up processing times so you can get back to serving a more diverse set of consumer needs
SCALABLE PLATFORM
- Q-Action is part of a COTS platform with the ability to scale easily across an entire organization to provide a full enterprise ECM solution
EASY IMPLEMENTATION & INTEGRATION
- Our software plays well with your existing systems to help you be more productive
- COTS approach allows us to go from proof of concept to a usable product faster than custom solutions
Get prepared for success in PPP forgiveness processing.
We can help you get out in front of your next challenge. Reach out to a QFlow expert today!