Post on 03-Aug-2020
SBA PPP Lending Solution –
Overview
CARES Act – Small Business Administration
Paycheck Protection Program
April 17, 2020
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Our goal is to support financial institutions to supply small businesses with loans quickly
and easily during this critical time.
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Presenters
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Dan UlrichDirector, Client Solutions Consulting
Ben RaunClient Solutions Consultant
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The PPP Opportunity for Financial Institutions
Revenue Generation Capture SBA lender fees
Customer Engagement Protect small business customer relationships
Community Leadership Demonstrate commitment
to Main Street
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The SBA PPP Lending Journey
Engagement
1
SBA Approval
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Automate SBAloan numbers confirmation
Servicing
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Loan processing, reporting and forgiveness
management
FI Review
3
Track applications,
approvals, email status
updates and archive forms
with turnkey workflows
Application
2
Streamline form intake via secure online portal
with e-signature and document upload
Disbursement
6
Disburse loan with preferred funding method; Support
same-day payments
Onboarding
5
Support LOS and existing
documentation and closing process
Engage small business customers across digital channels; Authenticate
online applicants
© 2020 Fiserv, Inc. or its affiliates. | CONFIDENTIAL – LIMITED
FORTUNE World's Most Admired Companies®
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 6
End-to-End Digital SBA PPP Lending with Fiserv
Application FI Review SBA Approval Onboarding
2 3 4 5
Servicing
7
Engagement
1
Disbursement
6
Automate SBAloan numbers confirmation
Loan processing, reporting and forgiveness
management
Track applications,
approvals, email status
updates and archive forms
with turnkey workflows
Streamline form intake via secure online portal
with e-signature and document upload
Disburse loan with preferred funding method; Support
same-day payments
Support LOS and existing
documentation and closing process
Engage small business customers across digital channels; Authenticate
online applicants
E-Tran Submission
PPP Application
SBA 1502 Reporting
PPP Loan Forgiveness
PPP Workflow
Activity ManagerAperio™
Business Process ManagerDirector® WorkflowLoanComplete™
Nautilus® WorkflowStreetShares
Secure Forms
PPP Application
FI PPP Portal
ACHOnline Banking
PPP Homepage Ad ~
Website, Online Banking Platform
Merchant Targeting
Document Preparation
PPP Loan Core Onboarding
1 1 1 1 1 1 1
Business Process OutsourcingCustomer Engagement Funding and Servicing
Fiserv SME Guidance
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PPP Application
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Ben RaunClient Solutions Consultant
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FORTUNE World's Most Admired Companies®
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Meet Your Business Clients Where They Are
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Digital Ads
Secure Form
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Paycheck Protection Program Secure Form Workflow
Responsive Design
Reduce Inefficiencies
Client completes form
Email notification sent to FI staff
FI staff login to server to view form
Client FI follows up with client for final steps
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Real Time Email Notification To FI
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A new Paycheck Protection Program form is waiting in your inbox.
Click here to log in.
Click on the Secure Forms link to view your inbox
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Real Time Email Notification to Small Business
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Financial Institution can Customize this message
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Demonstration
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© 2020 Fiserv, Inc. or its affiliates. | CONFIDENTIAL – LIMITED
FORTUNE World's Most Admired Companies®
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Workflow Options for Managing PPP Applications
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PPP Workflow tools:
•Activity Manager
•Aperio™
•Business Process Manager
•Director® Workflow
•LoanComplete™
•Nautilus®
Workflow
•StreetShares
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E-Tran Submission
Application FI Review SBA Approval Onboarding
2 3 4 5
Servicing
7
Small Business
1
Disbursement
6
Capture
loan number
from SBA
Submit
Loan to
E-Tran Portal
• No rekeying – Eliminates manual loan data entry into the SBA portal
• Process more loans, faster -Accelerates application submission and approval
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PPP Loan Forgiveness Management
**Q4 2019 Expected Delivery
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Small Business Loan Forgiveness Eligibility
Loan Forgiveness Application Review
PPP Loan Forgiveness Management
Amount equal to costs incurred and payments made for:
• Payroll costs
• Mortgage payments
• Rent obligation
• Utility payment
Cover 8 week period after the loan is disbursed
Financial institution to verify:
• Payroll documentation
• Other expense documentation
• Certification
Integrated process to automate:
• Document upload
• Verification checklist
• Approval workflows
• Reporting and archiving
© 2020 Fiserv, Inc. or its affiliates. | CONFIDENTIAL – LIMITED
FORTUNE World's Most Admired Companies®
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 16
End-to-End Digital SBA PPP Lending with Fiserv
Application FI Review SBA Approval Onboarding
2 3 4 5
Servicing
7
Engagement
1
Disbursement
6
E-Tran Submission
PPP Loan Forgiveness
PPP Workflow
Secure Forms
ACHOnline Banking
PPP Onboard
1 1 1 1 1 1 1
Business Process OutsourcingCustomer Engagement Funding and Servicing
Fiserv SME Guidance
© 2020 Fiserv, Inc. or its affiliates. | CONFIDENTIAL – LIMITED
FORTUNE World's Most Admired Companies®
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020
Fiserv is uniquely positioned to bring our technology and expertise together to support your end-to-end SBA PPP lending needs.
**Q4 2019 Expected Delivery
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Fiserv SBA PPP Lending Solution Delivers…
So Financial Institutions Can Drive…
And Small Businesses Have…
• End-to-end capabilities
• Rapid deployment
• Secure online portal for small business customers and FIs
• Automated E-Tran submission
• Team of dedicated SBA PPP experts
• Small business customer engagement and retention
• Loan application and review process efficiency
• Approvals oversight, reporting and archiving
• Ongoing loan servicing and forgiveness management
• Revenue growth
• Streamlined application experience
• Visibility throughout the process
• Confidence in application security
• Speedy access to PPP funding
• With their trusted FI lender
© 2020 Fiserv, Inc. or its affiliates. | CONFIDENTIAL – LIMITED
FORTUNE World's Most Admired Companies®
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020
Thank You!
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