The United States government launched the Paycheck Protection Program SBA loan to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. This program distributes Small Business Administration (SBA) loans through financial institutions and other regulated lenders. Banks and lenders across the country have been overwhelmed with applications, and are working rapidly to process application forms, tax returns, and identification documents to issue the relevant loans. Instabase can help lenders process these loan applications faster. Proudly fulfilling our civic responsibility, Instabase has created the no-cost PPP solution that is available now on Instabase Marketplace.
The PPP solution is specifically designed to unlock the information trapped in SBA borrower documentation and provide the key fields required to process loans efficiently.
Take an input folder or feed of documents and process them into a machine-readable format.
Extract key fields required to administer loans, such individual and business names, addresses, and financial history.
Consume the structured data in downstream systems to supercharge your lending process.
Instabase is here for you. If the free Payment Protection Program (PPP) solution on the Instabase Marketplace can help your organization administer these loans more efficiently, please contact us. We want to help.