SBA Paycheck Protection Program (PPP) Automated Oversight Platform

Developing an end-to-end automated review system to ensure loan and lender compliance.

Client: Small Business Administration

Challenge: As part of the COVID-19 Economic Stimulus packages the U.S. Small Business Administration (SBA) was responsible for standing up and administering the $950 billion Paycheck Protection Program (PPP). Within 14 months over 5,400 PPP lenders originated 11.8 million loans. With a highly condensed timeline, SBA lacked the resources and expertise to provide effective loan and lender oversight and risk management of the PPP portfolio.

FI Solution: The FI team followed an Agile framework to design and implement an end-to-end oversight platform solution on the MS Azure cloud. The system incorporates machine learning models, advanced analytics, document and case management and automated process workflows to facilitate automated and manual reviews of PPP loans and lenders.

FI Impact: FI provided a fully integrated, adaptable, and defensible solution to conduct loan and lender assessments, conducting due diligence to ensure taxpayer dollars are protected, and monitoring overall portfolio risk.

The team leveraged advanced ML and data analytics technologies to provide SBA with the resources and time-saving solutions it needed to meet the agency’s oversight requirements.