“We were able to get business approvals processed much faster, which enabled us to originate three months’ volume of loans in just three weeks.”
🚨 Breaking: SBA reopens PPP for all lenders. Join our weekly Q&A sessions to learn more →
Numerated brings the most automation to SBA PPP lending and forgiveness by using data and API integrations. Numerated is prepared to support lenders through another surge in loan demand with its highly adaptable platform and deep SBA expertise.
More than 25,000 bank and credit union employees have used Numerated to process more than $34 billion in PPP relief funds, protecting more than 250,000 small businesses and 2.3 million paychecks. At the height of the program, Numerated’s platform was approving 3 PPP loans every second at a rate of $250 million per hour through its E-Tran API integration.
Learn more about the PPP lending solution below, and the automated forgiveness solution here.
E-Tran API integration that processed $250M/hour in PPP
Fully-digital closings with automated doc creation and simple booking to the core
Self-service and banker-led, auto-filled with borrower information
Secure doc upload and DocuSign integrations battle-tested by 25,000+ financial institution staff
Implemented 70+ lender instances in 48-hours for PPP1
Team that delivers value-added training, insights and new features in hours, not days
“We were able to get business approvals processed much faster, which enabled us to originate three months’ volume of loans in just three weeks.”
“Standing up a new technology platform in a matter of days is unheard of in our industry. Thanks to our partnership, we made it happen. Quite simply, we could not have done it without Numerated.”
“Compared to 10 days of manual lending, with every bank resource that we had, in terms of volume of new loans generated, we were able to do it in 2 days with [Numerated].”
Inc.: PPP Will Reopen and It Won't Be Smooth
Banking Dive: Banks Embrace Automation in Run Up to PPP
Reuters: PPP to Reopen Monday with New Fraud Checks
WSJ: Small Biz Loan Program PPP to Reopen Jan. 11
TechCrunch: Here’s how fast a few dozen startups grew in Q3 2020
Washington Business Journal: PPP loan forgiveness 'floodgates' to open
Boston Business Journal: MA Banks Turn to FinTechs for Help with PPP Forgiveness
Bank Director: A Technological Reckoning
American Banker: Banks Seek More FinTech Help for PPP's Next Phase