The second round of Payment Protection Program (PPP) funding has just been released. During this next round of relief funding, eOriginal will continue to enable SBA lenders to meet and maintain the highest level of legal enforceability and compliance for SBA digital loans.
The SBA SOP Appendix 8 regulations mandate the following to be in full compliance:
Two technology solutions are required to fully meet "create, store, and assign" requirements:
Failure to comply with SBA mandated requirements puts your SBA loan guarantee at risk
While fully understanding the digital loan laws and SBA compliance requirements may be complex, implementing them doesn't need to be.
eOriginal makes SBA Digital Loan Compliance Simple. We’ve helped SBA lenders in the first round of PPP funding to be up and running quickly to fully meet SBA compliance standards and ensure your SBA loan guarantee.
©2020 eOriginal, Inc. All Rights Reserved.