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Free Access to Loan Participation Software for Banks Needing to Participate out some of their PPP Loans

By | Press Release, Uncategorized | No Comments

BankLabs helps banks serve communities during this difficult time.

Little Rock, AR – January 12, 2021BankLabs is offering free access to Participate, our loan participation automation platform, to help financial institutions manage the influx of PPP loans. This is a historic time for banks who are actively working to serve their communities by processing paycheck protection program loan applications as quickly as possible. To manage loan limits and their balance sheet, banks may participate some of their PPP loans out. By using Participate, financial institutions can cut down on the paperwork and process their own loans faster while also quickly selling or buying participations with other financial institutions.

How Participate Helps

Participate improves efficiency, saves money, and can help manage credit concentration risks. Participate is a single platform to manage all loan participations, existing or new, bought or sold. It allows originators and participants to digitize and share loan information, documents, automate workflow and e-sign. Participate cuts weeks off the traditional process, giving banks the additional liquidity and flexibility needed to serve their communities.

BankLabs Mission

BankLabs is committed to creating digital platforms that streamline loan processes for financial institutions so you can get back to what really matters – serving your community.

BankLabs and Participate are trademarks of BankLabs in the United States.

Felecia Hancock| 479-283-1835 |

CU Broadcast Interview – SRP FCU’s Will Scott & BankLabs Matt Johnner

By | Video Interview | No Comments

We’re proud to work with credit unions like SRPFCU that prioritize taking care of members . Check out the latest episode of CUBroadcast to hear firsthand from Will Scott of SRP about his experience working with us and how his credit union has been able to grow:

Bank Business – Mobile Tools to Improve Relationship Based Banking

By | Article | No Comments

Relationships with business banking customers has become increasingly important over the last few years, especially with several competitors in the market. How is your FI taking your customer into consideration when providing digital solutions? The latest article in Bank Business by President and Co-founder of Bank Labs breaks down how to build a better relationship with business banking customers :