LexHarbor is a Business Process Consulting provider that fosters empowered relationships with clients in diverse industries. The LexHarbor team of experts has extensive experience in providing technology and business process solutions. We partner with end-clients, implementation partners and primary vendors to assure the production of quality deliverables, assuring the development and maintenance of long term business relationships. Some of our service offerings including the following:
Payroll Protection Program (PPP) Underwriting Support
The spread of the COVID-19 pandemic has produced unprecedented challenges to individuals and businesses alike. To help calm these stormy seas, Congress passed the CARES Act of 2020, a key part of which is the Payroll Protection Program (PPP). This significant provision guarantees 350 billion in funding support for small businesses, administered through the Small Business Administration (SBA). Traditional SBA 7(a) lenders and all other depository institutions can make loans under the PPP. Banks are facing overwhelming demand for PPP loans. Some banks are even turning away loan applicants because they are not equipped to meet their underwriting responsibilities for such a high volume of loans.
This is where LexHarbor can help. Our experienced consultants can provide back-end underwriting support to ensure that your loan officers can keep up with demand and turn a profit for your institution.
Application development, the creation of programs that perform functions for software and hardware, is in great demand as technology continues to play an ever-expanding role in business operatons. LexHarbor's IT division is skilled in crafting applications that, for example, run behind-the-scenes for tracking inventory, maintaining account balances and billing clients automatically. Once, applications focused primarily on functionality. Today, the most complex applications focus on elements such as speed, compatibility, security, scalability and customer experience. LexHarbor strives to help clients create the fastest and the most user-friendly applications to meet these needs.