Bank Staffs Up to Handle Influx of PPP Loan Applications
An Extraordinary Lending Environment Requires
An Anything But Ordinary Response
Over the past 30-plus years, Hire Counsel has provided legal staffing solutions for banks and other lending institutions to manage high volume workloads, with limited turnaround time and constrained budgets. The same holds true today, as Hire Counsel has responded with urgency to meet the changing needs of financial institutions during these uncertain times. See below how Hire Counsel responded to help a local bank handle PPP loan applications.
National, regional and local banks, as well as credit unions and non-bank lending institutions in the US and abroad, trust Hire Counsel to meet the increased demands of today’s new legal economy.
Examples of roles/experience we’ve filled for lending institutions include:
- Contracts Attorneys and Paralegals
- Lease Agreements and Negotiations
- SAR Reviewers and Senior Analysts
- Securities Act and SEC
The PPP had a significant impact on our client, a mid-sized local bank in the northeast. Shortly after the program was announced loan applications started flooding in, and soon over 6,000 loan applications needed to be processed. With their communities and small businesses depending upon them, the bank contacted Hire Counsel to provide temporary legal staff to assist with loan documentation. Within hours, Hire Counsel had identified, vetted and hired a team of Special Project Attorneys with lending backgrounds, who began processing the loans that very same week
PPP Loan Applications
Our banking client received over 6,000 loan applications that need to be processed immediately.
24 Hour Turn Around
Within 24 hours, over a dozen candidates were identified, screened, vetted and hired.
100% On-time Start
After a day of training, Hire Counsel Special Project Attorneys began processing loans – over the weekend!