Financial Institutions Can Quickly Connect Small Businesses to Renewed Paycheck Protection Program with Enhanced Fiserv Solution
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Business Wire
Solution expedites loan submittal via a direct link to Small Business Administration portal BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced enhanced functionality to help community financial institutions provide small businesses access to the additional funding for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) that is expected to be signed into law this week.The U.S. Senate has approved an amendment to the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide an additional $310 billion of funding for the PPP, $60 billion of which is designated for community-based lenders approved to offer these loans, and the U.S. House of Representatives is expected to pass the amendment later this week. The PPP is focused on providing businesses with fewer than 500 employees with funding to enable them to continue to pay employees thro
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