Customers Bank announced that it is offering banks, credit unions, community development financial institutions, minority deposit institutions, microfinance institutions, and other lenders and non-profits a “white label” turnkey end-to-end PPP origination, funding, and loan forgiveness solution. There are numerous reports of PPP fatigue – lenders that simply do not have the capacity or desire to offer new PPP loans or PPP Second Draft loans to previous borrowers yet want to be responsive to their clients. Customers Bank will assist the clients of those banks with a seamless and mostly invisible process that leverages the bank’s technology experience and prowess. Customers Bank was one of a handful of traditional financial institutions that created a hybrid fintech model to support the SBA’s initial round of Paycheck Protection Program loans to quickly get economic relief to small businesses across the country. By working with select fintech partners, the bank was able to participate in over 100,000 SBA-approved loans – fifth highest of all lenders in the nation – and provide an aggregate value of over $5 billion to small businesses. Customers Bank made the decision to help other lenders in an effort to support a greater number of small businesses across the nation. The bank created the white label product to empower lenders to direct their clients to an online loan application for the Second Draft PPP loans. The online application will be branded for the lender, but as a service to its long-standing clients, Customers Bank will close and fund the loans into the customers deposit account at its existing insitution. Customers Bank will service the Second Draw loans and support the clients through the Loan Forgiveness process. The partner lender will maintain its relationship with their clients. Hallmarks of the white label program are: Solution covers the customer journey end-to-end from funding through servicing and forgiveness; Financial institution retain the customer relationship with a branded portal that strengthens their customer experience; No tech integration required by the financial institutions; Financial institutions retain “ownership” of clients – Customers Bank will not market to them; and There is no fee to financial institutions – Customers Bank will be paid directly by the SBA and will pay the lenders for the referral.