COVID-19 | Enigma

A message to our lending community

We know you are working nonstop to address the unprecedented challenges presented by COVID-19. 

Whether this means underwriting critical SBA loans through the Paycheck Protection Program as quickly as possible, monitoring your existing portfolio for distress, or supporting counter-cyclical businesses facing a surge in demand, our commitment is to empower you with the reliable small business data you need today. 

We believe that the future of the small business economy will be driven by data. Today this future depends on it.

Yours in partnership,

The Enigma Team

Actionable COVID-19 signals for small business lenders

With the COVID-19 crisis, lenders need dynamic SMB data more than ever. To drive smarter risk mitigation and credit decisioning, Enigma is building near real-time health and risk signals about how small businesses are operating today.
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Accelerate PPP applicant processing

Access applicant eligibility data to verify businesses that qualify for Paycheck Protection Program loans and safely speed up overall applicant processing.

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Identify distress

Mitigate risk exposure and potential losses by leveraging information related to business viability, including business closures, bankruptcies, imports, and WARN layoff notices.

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Surface signs of resiliency

Find positive business health indicators such as government contracts and shipping imports, as well as industry-specific stability signals, such as a restaurant’s take-out and delivery capabilities.

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Portfolio Monitoring

Insights for proactive risk management

Get complete visibility into the liability and health of every small business in your portfolio, to identify developing risk and take action when needed.

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Underwriting

Critical intelligence for applicant decisioning

Leverage insights on new business creditworthiness to surface well-positioned industries, identify healthy applicants, and reduce overall risk exposure.