PPP Lending Operations Update - Tuesday, April 18, 2020

Mississippi District Office  

u s small business administration

PPP Lending Operations Update- Tuesday, April 18, 2020

SBA

SBA and Treasury value all lenders and their small business customers.

For the benefit of small business customers and their employees, SBA and Treasury are working on ways to optimize the loan processing system.

Starting today, Robotic Processing Automation (RPA), which are robotic systems used by some banks to mimic human data entry, may not be used to submit Paycheck Protection Program loans into SBA’s E-Tran loan system. RPAs burden the processing system and diminish its capabilities. Without RPAs, the loan processing system will be more reliable, accessible, and equitable for all small businesses. Application Programming Interface (APIs) will still be permitted.