The CARES Act’s emergency $349 billion Paycheck Protection Program (PPP) went into effect last week, creating an unprecedented need for banks to rapidly intake and process thousands of new loan applications to take advantage of the program. An agile response from the banking industry is essential to meet the goals of the program — sustaining small businesses through the COVID-19 crisis with low interest loans, enabling them to keep people in their jobs and stem the tide of unemployment nationwide.
Appian is supporting the financial services industry with a new application that automates PPP loan intake, processing, and submission to the SBA. This application can be implemented in a matter of days.
Join this Appian fireside chat with Marc Wilson, Founder and SVP of Global Partners and Industries and Michael Heffner, Vice President of Global Industry Leads, as they discuss:
- What the PPP is and how it will work
- Why agile processes are critical to responding to the CARES Act
- The key components necessary for banks to be PPP-ready
- Appian’s application for streamlining PPP loan automation.
This Fireside Chat includes a short demonstration of Appian’s PPP loan origination application.