JUDI.AI Helps Canadian FIs Operationalize Federal Loan Programs

We’ve been working with Canadian credit unions to rollout a digital solution to support small businesses applying for emergency funding. To date, we’ve enabled Canadian credit unions to disperse more than $150 million in federal CEBA loans. Find out more about how we’re working with financial institutions to facilitate federal COVID-19 loans. 

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…

The SMB Lending Landscape Today

On average, small and medium business (SMB) owners have less than one month of cash buffer[1]. So when a new opportunity comes around to invest in expanding–or additional cashflow is required to sustain the business through a dry spell–SMBs apply for a loan in order to keep the business running.   Most small business loans…