SBA LOAN APPROVAL AND DISBURSMENT
SBA & PPP Benefits to Business and Individuals in United States is recently announced as part of economic relief stimulus program.
- A high volume of borrower’s application in form of PDF.
- Wide variety of documents are submitted.
- Time consuming processing of submitting application forms. Banks require more staff to process support manual processing.
- Lenders need a state of art under-writing tools to determine the borrower’s eligibility
Obvious has a set of AiBlock™, to understand documents. Classify them into different groups according to their format and issuing authorities. Extraction of information from each of these documents using state-of-art neural networks and OCR technologies. And APIs to verify these documents – all together decrease TAT by 700% percent. Efficiency increase by 180% with ZERO manual processing.
Scienaptic Ather Platform provides precise lending decisions, protecting the interest of Lenders and Borrowers and appropriate distribution of the funds as per Govt. Guidelines.