LoanStreet Inc. has launched a new, specialized origination, servicing and reporting solution for financial institutions that plan to participate in the new Small Business Administration (SBA) Paycheck Protection Program (PPP) passed as part of the CARES Act.
Financial institutions of any size can streamline the process and ensure compliance with the new law using LoanStreet, the first fully integrated platform for efficiently sharing, managing, and originating loans. LoanStreet’s SBA PPP lending platform immediately enables financial institutions to originate, service, and report SBA PPP loans at scale without prior SBA experience.