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Back to News How two Utah tech giants teamed up to help small businesses secure PPP loans

July 23, 2020|0 min read, mx, and lendio
By Ryan Miller
July 22, 2020

MX, which aggregates data for banks and credit unions, saw the same problem — just from the other side. The state of Utah saw a massive increase across the board of the number of PPP applications it was getting — upwards of 10X the usual amount — within just a couple week period. MX thought they could help clients navigate through the PPP process. And, in turn, help countless businesses get access to much-needed funds.

'In the spirit of wanting to help improve financial strength for those affected — those who have small businesses, and who run small businesses, or who operate as employees of small businesses — but also out of the spirit of just looking to serve our clients, we decided that we would build a solution that could actually allow for that deluge to be managed much more simply and rapidly.” -- Nate Gardner, Chief Customer Officer, MX

Read the full article here.

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