May 14, 2020
Summit Technology Consulting Group Partnering with Wolf & Company, P.C. to Provide SBA Loan Forgiveness Automation and Advisory Services
This comprehensive service will support institutions of all sizes in reviewing loan packages against SBA requirements
Mechanicsburg, PA – In an effort to assist community banks and credit unions facing the challenge of operating and supporting the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) loan forgiveness process, Summit Technology Consulting Group (STG) and Wolf & Company, P.C. announced a unique partnership to bring a turnkey SBA PPP loan forgiveness platform and Loan Forgiveness Advisory Services review capability to financial institutions across the United States.
While numerous technology organizations are selling software to support financial institutions and their processing of SBA loan forgiveness requests, the partnership combines a ready-to-use PPP loan forgiveness software platform with the ability to engage Wolf & Company’s professional staff to complete an independent PPP loan review.
“We are excited to extend our Lenders Cooperative SBA PPP Platform to Wolf & Company to support their review functions. By allowing Wolf & Company to augment their back-office, together we will provide a helping hand to organizations eager to get back to business, and a first-class review service for forgiveness requests,” said Ben Wallace, CEO of STG. “While our SBA PPP Platform provides an efficient tool for bankers to process SBA PPP loan forgiveness requests, we believe Wolf’s services will be a welcome alternative to financial institutions looking at the prospect of manually reviewing thousands of loan files.”
“We deeply appreciate Summit’s partnership and are excited to jointly help bankers nationwide. Using this technology, Wolf will work with lenders to navigate this complex process, providing peace of mind and assurance to the institution and their customers,” said Dan Morrill, Principal at Wolf & Company. “It’s important that bankers deliver a clear and efficient mechanism to their borrowers to maximize the forgiveness on the SBA PPP loans. This platform, coupled with Wolf’s advisory services, will streamline the process and help all parties prevent simple errors and expensive mistakes.”
The turnkey Lenders Cooperative forgiveness platform from STG and advisory services from Wolf & Company are separate and priced per loan, with no setup fee. This price includes all Docusign costs and assistance with importing SBA and Core data to the platform. Visit www.lenderscooperative.com to enroll or learn more.
About Summit Technology Consulting Group – www.thesummitgrp.com
Summit was founded over 12 years ago with a mission to bring enterprise class IT services to the mid-tier and commercial banks. Summit has formed a unique partnership with industry leaders focused on helping financial institutions of all sizes modernize their technology and back-office operations – including the adoption of cloud services. Summit is partially owned by the American Bankers Association.
About Wolf & Company, P.C. – www.wolfandco.com
Wolf & Company is entering the second century of providing unparalleled guidance in audit, tax, risk management, and business consulting services to financial institutions. Our clients receive direct involvement of our principals, as well as the trusted and responsive service of our multi-disciplinary teams. Our collaborative service strategy and niche-focused structure results in a deep understanding of clients and their business needs, and enables us to help our clients maximize opportunities and navigate obstacles.