JUDI.AI’s CEBA Digital Solution Processes Over $150 Million in Loan Applications

On March 27th, the Federal Government announced the $25 billion Canada Emergency Business Account (CEBA), as part of its loan and loan-guarantee program, the Business Credit Availability Program (BCAP), to support small businesses in the era of COVID-19.  This announcement left many financial institutions scrambling to produce a solution that would process the influx of online loan applications they were anticipating. With local branches reducing operating hours and staff shifting to home offices, banks and credit unions were…