Lenders Can Now Access a Fully Automated End-to-End Platform Supporting the SBA’s Paycheck Protection Program Governed by the CARES Act. Boss CARES supports applications, monitoring and includes forgiveness calculations.
Since government backed loans were announced in March and launched April 3rd, there’s been a surge in demand. Here is a quick snapshot of the US SBA CARES/PPP.
BY THE NUMBERS
$659 Billion Fund
14 years of loans in 14 days
80% businesses still need funding
Boss Insights launched an end-to-end CARES/PPP platform to empower banks to meet the compliance demand. It covers the application, monitoring and forgiveness aspect to the loan and is adaptable to any government backed program. We’re going to market directly and in collaboration with Oracle.
Boss’ platform includes a portal the borrower & lender can access – gathering data from various sources automatically to verify ongoing monitoring and forgiveness eligibility. For more information visit Boss Insights’ CARES/PPP Solution.
By collaborating, Oracle Cloud provides Boss CARES with a scalable and highly secure enterprise platform and expertise stemming from a long history providing seamless software solutions for financial institutions.”
By working together, Oracle and Boss Insights provide an intelligent platform for financial institutions in this time of heightened need.