The Coronavirus Small and Medium Enterprise (SME) Guarantee Scheme, rolled out by the Australian government, aims to provide financial support to small and medium sized enterprises across Australia that are losing revenue and seeing their cashflow disrupted during the crisis. Therefore, both the scheme-accredited lenders and prospective lenders must be prepared to handle the upcoming influx of SME loan requests quickly and efficiently.
Newgen’s lending software, for SME loans under the Coronavirus SME Guarantee Scheme, has been designed to be deployed within hours and to help financial institutions in disbursing a large volume of loans to small and medium businesses.
The software streamlines the inflow of applications from various sources, such as email, online application, mail, and more. The rules-based engine enables intelligent process routing, leading to faster and more accurate management of loan applications.
Please contact us to know more about our Coronavirus SME Guarantee Loan solution.