Q2 Announces Immediate Availability of End-to-End Paycheck Protection Program (PPP) Solution nrtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nrtoday.com Daily Mail and Mail on Sunday newspapers.
Q2 Announces Immediate Availability of End-to-End Paycheck Protection Program (PPP) Solution AUSTIN, Texas (Business Wire) Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced the availability of its Paycheck Protection Program (PPP) solution for lenders planning to participate in the next wave of the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). The funding, part of the most recent Covid-19 relief package passed by Congress on December 21, will make $284 billion available for lenders to distribute to small businesses in need as early as January 2021.
Q2’s PPP solution has been in the market since the initial launch of PPP in April 2020. Automating the origination and forgiveness process via a single system has helped lenders process substantially more loans than would be possible manually. As a result, lenders can issue critical relief to more businesses in their communities