Numerated Ramps Up Offering to Banks to Help Push Out Stimulus Funds

In the last two weeks along small business lending platform Numerated has signed up more than 70 banks to use their digital lending platform with hundreds more in the pipeline; the fintech expects to have almost 200 banks using their technology by April 8th; Numerated says 10 percent of SBA 7(a) loans have been issued using their platform in the last five years; “I’m fairly confident our banks will be able to fund at the end of the day or the next day so long as businesses have the right documentation,” said Numerated CEO Dan O’Malley to Forbes. “We are all waiting for the Small Business Administration to provide guidelines.”; fintechs could play a crucial role in helping the government get funds to the small businesses who need capital the most. Forbes

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