SBA LOAN APPROVAL AND DISBURSMENT

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ANNOUNCEMENT

SBA & PPP Benefits to Business and Individuals in United States is recently announced as part of economic relief stimulus program.

PROBLEM

• 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

SOLUTION

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.