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Lendio Acquires Laso's AI enhanced Loan Origination Solution to Provide Underwriting Services for Lending Platforms

Lendio Acquires Laso's AI enhanced Loan Origination Solution to Provide Underwriting Services for Lending Platforms
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Brock Blake , Laso Loan Origination Software , Loan Origination Software , புரோக் பிளேக் , கடன் ஒரைஜிநேஶந் மென்பொருள் ,

Milestone: Lendio Surpasses 213,000 PPP Loans; Totaling to Nearly $10 Billion


Milestone: Lendio Surpasses 213,000 PPP Loans; Totaling to Nearly $10 Billion
 
Lendio recently announced it has facilitated more than 213,000
Paycheck Protection Program (PPP) loan approvals, totaling $9.8 billion. According to Lendio, the PPP re-opened in January 2021 with new rules implemented by Congress intended to equitize access to relief funding for minority-owned businesses and very small businesses.
As previously reported, the PPP is part of the $2 trillion CARES Act signed on March 27, 2020, aimed at getting small business owners back on their feet and millions of Americans back to work following the COVID-19 pandemic. The first round of the program quickly closed and the U.S. Senate passed $484 billion in new pandemic relief funds to provide additional funding to the PPP small business aid program, pay for coronavirus testing, and help hospitals deluged by sick patients during the COVID-19 pandemic. Lendio notably facilitated $8 billion in Paycheck P ....

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