4/1/2022 7:05:32 PM California man convicted of using $27m in PPP loans for personal use, including renting oceanfront property By Sarah Wolter According to a release from the DOJ, 53-year-old Robert Benlevi submitted 27 Paycheck Protection Program loan applications to four banks...
3/29/2022 3:18:03 PM 'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP By Sarah Wolter Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in...
7/10/2020 6:51:33 PM Process automation for the SBA Paycheck Protection ProgramLoan Forgiveness By Carlos Alonso Torras Portfolio company Ocrolus stands out via its ability to automate the classification and extraction of data from documents required to...
7/2/2020 2:18:55 AM Senate approves extending small-business program By Carlos Alonso Torras Senate voted Tuesday evening to extend a federal loan program by five additional weeks, a surprise move that would allow small businesses...
5/1/2020 8:24:01 PM Fintechs working with lenders and small businesses explain the pain points of PPP By Faisal Kawar Portfolio company Ocrolus is powering lenders by digitally analyzing documents at scale, allowing the efficient PPP underwriting process.
4/17/2020 6:44:28 PM U.S. Fintech Firms Struggle for Role in Bailout By Gareth Jones Only a handful of fintech companies have been approved as SBA lenders and before they were approved, could still participate, but only as...
4/3/2020 7:32:56 PM FinTech Collective creates SBA Guidance Document for portfolio companies and wider community By Carlos Alonso Torras As the government faces the monstrous challenge of rolling out $349b over the course of 3 months, we're doing our part to maintain our...
4/3/2020 7:16:58 PM Paycheck Protection Program borrower application form - up and running By Carlos Alonso Torras Use this form to apply for the Paycheck Protection Program with an eligible lender