Plaid Looks to Speed Emergency Loan Approvals

One of the main challenges with the emergency loan process is access to payroll data; small businesses across the country are eager to apply for government loans and as part of the loan process they must download payroll data and share it with the bank; this process can take days or weeks and is currently a manual process; Plaid is building a product to bring this time down to minutes; Plaid CEO Zach Perret told CNBC, “Speeding up loan processing could mean the difference between a business and its employees surviving intact, or going bankrupt and adding to the skyrocketing unemployment…We are working to enable the quick and secure sharing of payroll data so critical data can be verified instantly so funds are distributed as quickly as possible.” CNBC

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.