Application Form

With the latest SBA guidance, applications are now open for Paycheck Protection Program (PPP) Round Two. Boss Insights application form is live for lenders who are seeking to support business borrowers.

• Adapts to changing legislation: APPLICATION WORKFLOW IS LIVE
• Real-time business insights and alerts to ensure borrower and lenders are compliant with application guidelines
• Modular: Lenders can adopt application platform or forgiveness module separately
• Set up in under 1 hour
• Custom link to your web page
• Support your borrowers in real time
• SBA Loan Origination API

Automated Forgiveness Calculation

With the latest forgiveness guidance, borrowers have cumbersome documentation to provide in triplicate. Boss Insights’ platform stands apart by automating this process and verifying the information to avoid any errors or misreporting. Boss CARES PPP is automated, enables a manual ‘what-if’ scenario for borrowers and allows borrower attestations.

• Adapts to changing legislation: LENDER APPROVAL WORKFLOW IS LIVE
• Real-time business insights and alerts to ensure borrower and lender are compliant with forgiveness guidelines
• Modular: Lenders can adopt complete platform or forgiveness module separately
• Bulk forgiveness application API submission to ensure meeting all SBA deadlines
• Beyond Paycheck Protection Program (PPP): Platform adapts to regular business loans (SBA, SMB, Commercial)
• Set up in 1 day

SBA Paycheck Protection Program Quick Facts

The CARES ACT led to $659 Billion dollars being approved though the SBA. Boss Insights platform offers lenders a streamlined process. With access to automatic filing of borrowers’ accounting and payroll information, the forgiveness calculation is automated and lenders have documentation to reduce ongoing exposure risk. Paycheck Protection Program (PPP) rules and guidance are changing over time. Boss CARES PPP is a white label Paycheck Protection Program (PPP) loan forgiveness platform for lenders which has automated recalculation functionality that references source data to meet any changing regulatory requirements without additional manual effort. A key point of difference of our platform is the ability work with the greatest variety of accounting and payroll providers. This leads to greater digitized functionality post PPP with SBA, SMB and Commercial loans.

SBA is launching a second round of PPP in January 2021. Here are some fast facts:

• First and second time PPP recipients will be eligible.
• Second time applicants must show a minimum 25 percent loss in sales in at least one quarter in 2020 compared to 2019.
• PPP loans are eligible for first time applicants with no more than 500 employees and second time applicants with no more than 300 employees.
• There will be a requirement to gather accounting and payroll information

Boss CARES PPP Platform Key Features

Boss Insights PPP Platform has the most automation available which gathers key documents and information from borrowers and automated calculation. The more automation a platform has, the less work for your loan officers and borrowers. SBA made many changes in the last PPP round and already adjusted the application to include calculations. To achieve borrower delight, choose a platform that adapts and had a high SBA acceptance rate.

• SBA qualification
• Automated borrower scoring & approval
• SBA 3508 & 1502 – Auto-completed
• SBA API E-tran
• Integration to financials & payroll
• PPP Dashboard: borrower & lender
• Expense tracking
• Lender branding
• Client attestations
• Remove the burden off your loan officers
• Available directly & on Oracle Cloud