Cheddar: Lenders Have Processed $80B in Small Biz Coronavirus Relief

Cheddar

By Tanaya Macheel

April 8, 2020

Meanwhile, as SBA lenders accumulate loan application backlogs, technology companies have been creating solutions for them to streamline the application process for borrowers to make at least that portion of the process more seamless.

The digital banking platform MX has created a similar portal for banks and credit unions that allows lenders to submit PPP loan applications for their small business customers in as little as 30 seconds.

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