Overview
The US government has signed a series of programs under the CARES act to help various business segments and individuals to tide over the COVID 19 crisis. The key features of the program include:
This TCS Solution for SBA PPP Loan Forgiveness will help banks achieve their objectives and responsibilities towards its small business owners with minimum lead time and cost to process PPP Loan Forgiveness forms.
It uses Appian Intelligent Document Processing to extract loan forgiveness related information from documents. The OCR data will be used in the Loan Forgiveness process to start the process to create a Forgiveness application form and to submit the form to SBA for filing. Integrations with Docusign will enable a seamless customer experience to get e-signature and submit SBA applications.
Key Features & Functionality