CHICAGO (May 18, 2020) – In the coming weeks and months, financial institutions will start to receive an influx of loan forgiveness applications as a result of the U.S. government’s Paycheck Protection Program (PPP). The PPP allocated billions of dollars in federally guaranteed loans to American small businesses to maintain their payrolls through the COVID-19 pandemic, which will be forgiven if the borrowers meet certain Small Business Administration (SBA) criteria. To help lenders manage the complexities of the PPP loan forgiveness process and create an exceptional experience for their customers, Crowe has introduced the Crowe PPP Loan Forgiveness Platform for Lenders. Crowe is a public accounting, consulting and technology firm with offices around the world.
“In this unprecedented time, customer relationships are more important than ever, so it is essential for lenders to establish an efficient and comprehensive process to work through PPP loan forgiveness with their customers,” said Ryan Plourde, consulting principal and leader of Microsoft CRM services at Crowe. “We utilized our team’s long-standing experience working with financial institutions and our relationship with Microsoft to develop this platform to help lenders navigate through the potentially changing requirements surrounding PPP loan forgiveness to better assist their customers throughout the process.”
The Crowe PPP Lender Loan Forgiveness Platform was created with the power and functionally of Microsoft Dynamics™ 365 and allows financial institutions to design a process to work through PPP loan forgiveness with their customers using one or all four features below:
To learn more and set up a live demo, visit Crowe PPP Loan Forgiveness Platform for Lenders.
Crowe LLP is a public accounting, consulting and technology firm with offices around the world. Crowe uses its deep industry expertise to provide audit services to public and private entities. The firm and its subsidiaries also help clients make smart decisions that lead to lasting value with its tax, advisory and consulting services. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.