This comprehensive service will support institutions of all sizes in reviewing loan packages against SBA requirements
In an effort to assist community banks and credit unions facing the challenge of operating and supporting the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) loan forgiveness process, Summit Technology Consulting Group (STG) and Wolf & Company, P.C. announced a unique partnership to bring a turnkey SBA PPP loan forgiveness platform and Loan Forgiveness Advisory Services review capability to financial institutions across the United States.
While numerous technology organizations are selling software to support financial institutions and their processing of SBA loan forgiveness requests, the partnership combines a ready-to-use PPP loan forgiveness software platform with the ability to engage Wolf & Company’s professional staff to complete an independent PPP loan review.
“We are excited to extend our Lenders Cooperative SBA PPP Platform to Wolf & Company to support their review functions. By allowing Wolf & Company to augment their back-office, together we will provide a helping hand to organizations eager to get back to business, and a first-class review service for forgiveness requests,” said Ben Wallace, CEO of STG. “While our SBA PPP Platform provides an efficient tool for bankers to process SBA PPP loan forgiveness requests, we believe Wolf’s services will be a welcome alternative to financial institutions looking at the prospect of manually reviewing thousands of loan files.”
“We deeply appreciate Summit’s partnership and are excited to jointly help bankers nationwide. Using this technology, Wolf will work with lenders to navigate this complex process, providing peace of mind and assurance to the institution and their customers,” said Dan Morrill, Principal at Wolf & Company. “It’s important that bankers deliver a clear and efficient mechanism to their borrowers to maximize the forgiveness on the SBA PPP loans. This platform, coupled with Wolf’s advisory services, will streamline the process and help all parties prevent simple errors and expensive mistakes.”
The turnkey Lenders Cooperative forgiveness platform from STG and advisory services from Wolf & Company are separate and priced per loan, with no setup fee. This price includes all Docusign costs and assistance with importing SBA and Core data to the platform. Visit www.lenderscooperative.com to enroll or learn more.