PPP Forgiveness Automation

Web-based automated solution for community banks to process
PPP Forgiveness Applications

This loan forgiveness module is designed specifically for PPP lenders.
Schedule bank portal demo*
*For PPP Lenders Only
Community Banks processed thousands of PPP applications through ApplyforPPP.com
Over
4,000
applications automated
Over
$450MM
in loan volume

How it works

1

Simple import of existing applications

Instant setup with minimal information required. Lenders will provide an Excel spreadsheet with a list of existing PPP applications, including 16 company specific data fields, which will instantly be uploaded to the lender's web-based portal.
2

Automated SBA Form 3508

Seven to eight weeks after disbursement, each borrower will be emailed a unique URL to access a web-based forgiveness application (www.applyforppp.com/yourbankname/unique-code). The SBA’s Form 3508 is fully automated with dynamic smart-fields for your borrowers convenience.

Borrowers can securely upload (via drag/drop) all required proof of documentation directly next to the respective questions to ensure accuracy and avoid confusion. The PPP Schedule A Worksheet has been simplified to assist borrowers and contains automated calculations and ability to add unlimited employees and owners.

3

Auto-filled e-sign documents

An auto-filled Form 3508 is generated and emailed to the borrower for an e-signature via DocuSign. Any forthcoming lender application/certification will also be auto-filled and emailed to the lender for e-signature.
4

Streamlined “good-faith review”

Lender accesses each application through the portal to perform “good-faith review” of the borrower’s calculations and supporting documents. Lender has the ability to ‘hover-over-preview’ all supporting files to perform the review in a reasonable time. Additionally, all applications will be easily tracked via the built-in process management module.
5

Auto-filled e-sign documents

An individualized email communication system between the lender and borrower will allow for easy back and forth communication. Additionally, bank users can create and save email templates that can be sent to borrowers based on certain smart triggers.

Borrower’s can reply directly to the emails sent from the lender portal, which will free up lender resources and streamline the process by keeping all borrower communications in one area. Audit logs and user trails are downloadable in batch files to comply with lender’s records retention requirements.

A flat fee per forgiveness application will be charged
based on the volume of applications processed.

About us

Reliant Business Valuation, the leading tech-enabled business valuation and equipment appraisal firm founded in 2010 that serves over 150 SBA lenders around the nation, has invested heavily in digital technology and automation over the past few years. This allowed us to swiftly pivot part of our technology to simplify and automate the PPP loan process, enabling us to further assist our SBA lender clients during this constantly evolving program. Through a web-based digital platform, borrowers fill out their PPP (loan or forgiveness) web-application and securely upload of supporting documentation. PPP lenders have access to a secure portal, which organizes all of their borrowers' applications, facilitates a good-faith review, and automates the document creation and e-signature process.

Through this difficult time, Reliant Business Valuation continues its mission to build a premier company to guide entrepreneurs who drive our economy.

Your bank's web-based automated solution to process PPP Forgiveness Applications.
SCHEDULE BANK PORTAL DEMO*
*For PPP Lenders Only