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Picture
This page is for community bankers to ask questions, share experiences and learn more about the PPP process.
​This is a peer exchange and not official interpretation or legal consultation.
Please refer to SBA and Treasury for 
official guidance. 

FinTech companies that were used by banks to help get loans into the system but who failed to do so before the system shutdown due to number of loans that overwhelmed their ability to process.

4/21/2020

1 Comment

 
  • We know several of the Fintechs who are still sitting on those applications awaiting (and having anticipated) new funding and expect to continuing processing those applications.
  • Several of these bank/Fintech partnerships have actually been expanded during this limbo period and some new ones have been created in this time as well.
  • The Fintechs have used this period to improve their tech stack to speed up and improve the process.
    • This includes some KYC/underwriting elements that were causing eTran to reject some applications.
    • This includes improving the throughput integration into eTran to allow them to pump more loans into it faster.
1 Comment
James A Schneider
10/8/2020 07:10:46 am

Dear Sir/Ma,

Are you in need of a Loan/Funding for a project? Have you been trying to obtain a Loan from any of the Banks or Loan Companies and got Ripped off and they have refused to grant you the Loan because of bad credit? we offer all types of non-recourse Loan and funding at a low Interest Rate of 3% both long term and short term.

The categories of Loan/financial funding offered include but not limited to: Business Loan, Personal Loan, Company Loan, Mortgage Loan, debt consolidation and financial funding for both turnkey and mega projects E.T.C. from a minimum of Euro/US$1Million to Euro/US$5Billion Max.

We also specialize in lease and sales of Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN} and Confirmable Bank Draft {CBD}, this financial instrument is issue from AAA Rated bank such as HSBC Bank, UBS Zurich, Barclays Bank , Standard Chartered Bank E.T.C.

The financial instrument can be invested into High Yield Investment Trading Program {HYITP) or Private Placement Program (PPP). We are direct to a genuine and reliable Financial Organization, without broker chain or chauffer driven offer.

Kindly get in touch for further details and procedure.

Regards
James A Schneider
Email: jamesaschn@gmail.com

Reply



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    Categories

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    Application 2484
    Fintech
    Forgiveness
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    Late Charge
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    Origination
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    Related Resources:
    • ICBA 
      Info and FAQ on SBA PPP
    • ​Treasury FAQ 
    ​OriTrust
    ​

    OriTrust's PPP Fast Application is a powerful bank developed tool that can help its members fast-track PPP lending and is very straightforward and simple to use. It helps with making sure the bank is collecting all the required information and with the ongoing monitoring of information to ensure each borrower obtains loan forgiveness. 
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  • Membership
    • Member Portal Login
    • Bankers Helping Bankers
    • Associate Membership
    • CCBN Associate Member Directory
  • Education and Events
    • Seminars and Events
    • Webinars >
      • Categories >
        • AUDIT & ACCOUNTING
        • Collections
        • Compliance
        • Directors
        • Frontline New Accounts
        • Human Resources
        • IT
        • IRA
        • Lending
        • Marketing
        • Operations
        • Security & Fraud
        • Senior Management
    • Recorded Webinars
    • Community Banker University >
      • CBU Certification Programs
      • CBU Bank Director Program
      • CBU Leadership Academy
      • CBU Online Training
      • ICBA LIVE 2023
      • ICBA Lead FWD Summit
  • Advocacy
    • Legislative Successes
    • From ICBA >
      • From Washington DC
      • From the Top
      • Portfolio Management
  • About Us
    • Our Team
    • Board of Directors
    • Contact
  • Preferred Service Providers (PSP)
    • PSP Announcements