June 4, 2020         
Celmatix Achieves First Milestone in Women’s Health Drug Discovery Alliance With Evotec   •   P&G to Webcast Presentation From the Deutsche Bank dbAccess Global Consumer Conference, June 11   •   MedCore Partners and The National Realty Group (TNRG) Break Ground on Sooner Station at University North Park, a Senior Living C   •   Gynesonics Announces Publications on Healthcare Economic Analyses Demonstrating Significant Facility and Payer Cost Savings When   •   Root Launches Homeowners Insurance   •   Soldiers to Sidelines Names Branding Expert Frances Reimers to Their Advisory Board   •   Virtual Walk for Amazing raises $158,854 for Children's Minnesota   •   Regions Next Step Survey Finds 81% of Americans Do Not Feel “Financially Fit”   •   The Simon Law Firm's "Heels in the Courtroom" Podcast Offers Mentorship and Community for Female Professionals   •   Breast Reconstruction Market Worth $603 Million by 2025 - Exclusive Report by MarketsandMarkets™   •   Beyond Spots & Dots Launches $15,000 Women-to-Women Grant Program   •   Citizens for a Pro-Business Delaware Releases Statement of Support for Black Lives Matter Protests, Calls for Police Reform Meas   •   Bishop T.D. Jakes Pushes for Action Plan on Police Reform   •   In the Wake of George Floyd's Tragic Death, Fenton Consulting Urges Police Chiefs to Take a Stand   •   Fairstead Announces $29.5 Million Acquisition of Federation Sunrise Apartments in Sunrise, Florida   •   Gayle Klinger-Gradess and People Power Entertainment Deliver "Dinner & Movie Night" to Ali Forney Center Clients Throughout   •   Texas Online Preparatory School to Celebrate Class of 2020 with Online Ceremony June 6   •   NC Healthcare Foundation Announces COVID-19 “Fill the Gap” Grants   •   PBS to Address Race and Racism in America Through Broadcast and Streaming Content   •   National PTA and U.S. Chamber of Commerce Foundation Team Up to Close Digital Divide for Students and Educators
Bookmark and Share

MicroBilt Creates Solution for SMB Lenders to Automate & Verify PPP Application Data

MicroBilt Creates Solution for SMB Lenders to Automate & Verify PPP Application Data

PR Newswire

KENNESAW, Ga., April 7, 2020 /PRNewswire/ -- MicroBilt launched an automated solution that allows the lending market to acquire and validate payroll while utilizing their current applications to verify bank account statements and business organization data required for the Paycheck Protection Program (PPP).

A pioneer in risk assessment and mitigation, "MicroBilt wants to help get money faster to those who need loans through the Small Business Administration (SBA) and is providing the resources to lenders for qualified borrowers under the new Paycheck Protection Program that went into effect April 3, 2020", said Walt Wojciechowski (CEO).

The program, initiated by the U.S. Treasury will provide $350 billion in fully forgivable loans to small business owners to enable them to maintain payroll during the ongoing COVID-19 pandemic, shoring up a key financial stressor on companies. The loans are fully forgivable if they are used to cover payroll costs and other allowable expenses, providing very important relief for small businesses. While vague guidelines exist, the actual facilitation of these loans is complicated and mostly manual at best.

MicroBilt will provide lenders across the country key information including:

  • Payroll Validation (940, 941,944,1099-MISC) & payroll reports directly from payroll companies
  • Bank account statements directly from financial institutions
  • Business organization data verification
  • Application data verification & more

The solution is available now and lenders can access directly from the MicroBilt website or integrate the platform into their application. In addition, the company is providing live in-person call center support to ensure easy access and streamlined communication throughout the process. MicroBilt is dedicated to providing a safe and secure method for managing these key application documents.

For more information on the Paycheck Protection Program: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

ABOUT MICROBILT - MicroBilt has been a pioneer in data and risk management services for nearly 40 years. Delivered through secure APIs and powerful web portals, the company provides a broad array of traditional and proprietary alternative credit data enabling companies and consumers to do business where they couldn't before. Backed by an exceptional service team, MicroBilt is committed to providing solutions that connect companies and customers. For more information visit www.microbilt.com or https://www.microbilt.com/product/small-business

MicroBilt is independently audited by Schellman & Company, an AICPA registered member. MicroBilt holds a current SSAE18 Type 2 SOC 1 certification, a PCI DSS 3.2 certification and is Experian EI3PA & FCRA compliant. Because these certifications are built on a foundation of information security, and not regulatory compliance, a much broader range of threats and vulnerabilities are addressed. Further, these certifications are an on-going process; actively maintained throughout the year. For more information on MicroBilt security, please visit https://www.microbilt.com/about-security

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/microbilt-creates-solution-for-smb-lenders-to-automate--verify-ppp-application-data-301037041.html

SOURCE MicroBilt



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News