Register here to view a demonstration of Appian’s Paycheck Protection Program (PPP) Lending Application.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s $350B Paycheck Protection Program (PPP) is designed to maintain payroll and employ workers through the COVID pandemic. Small businesses need rapid approval and access to these funds. Banks are contending with a massive influx of loan applications, all of which require rapid lending decisions. They must respond with fast, efficient processes – especially challenging in the present environment where workers are remote.
Appian’s PPP application allows banks to accept and manage loan applications from small businesses, support their unique servicing requirements, and ensure compliance under the new CARES Act. The application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing.