Wolters Kluwer’s Paycheck Protection Program Solution Continues to Aid Small Business Lending Across U.S. Through Hundreds of Local Lenders
WOLTERS KLUWER S/ADR (WTKWY)
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Source: Business Wire
Second Round of PPP Enables Wolters Kluwer to Build on Supporting Main Street Business Jobs NEW YORK--(BUSINESS WIRE)--Wolters Kluwer Compliance Solutions has announced that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, designed to help banks, credit unions, and other local lenders support small businesses with payroll funding during the COVID-19 crisis, has recommenced processing PPP loan applications under the replenished program funding, signed by President Trump on April 24.There is continued strong interest in the Wolters Kluwer solution, with hundreds of local lenders using the solution and some reporting as much as a 20-fold productivity gain through using the TSoftPlus functionality compared to securing PPP loans direct via the Small Business Administration (SBA) website.The impact of that effort is being felt by local lenders nationally in helping small businesses retain employees and keep their businesses afloat during the COVID-19 pandemic. Nort
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