RPA Can Help Your Bank Process PPP Loans Faster and Eliminate Bottlenecks
If your bank is participating in the $349B Paycheck Protection Program, created by the CARES Act, your efforts are historic and heroic. We thank you!
It’s an enormous undertaking to process the overwhelming number of SBA loan applications and disburse funds within the 10-day requirement. We’re here to ease the burden.
We’re helping banks automate and streamline loan processing, administration, and funds distribution by deploying Robotic Process Automation technology.
Just two examples of how RPA can help accelerate SBA loans include automating submissions to the SBA via the E-Trans systems, as well as streamlining SBA approvals and submissions into your internal loan systems.
Why Should Banks Adopt RPA Now?
- This is the first of the PPP rounds of funding; there will be more. RPA can adapt as SBA rules and processes evolve because retraining your bot is easy.
- RPA provides a scalable, consistent, and reliable method for ensuring you can turn around approved loans and disburse funds within 10 days.
- The technology provides agility that can help eliminate bottlenecks while giving your customers and employees a better loan experience.
In just a few days, your RPA solution could be relieving the administrative burden and helping you disburse critical funds to America’s small businesses.
Let’s fix this together.