Womply offers a software platform that enables small‑business owners and independent contractors to apply for and receive Paycheck Protection Program (PPP) loans, automating the application workflow and routing decisions to lender partners. The platform has processed over $19.6 billion in PPP loan volume, serving more than 500 k businesses and flagging over 1 million potentially fraudulent applications for government investigators. By integrating loan application, eligibility verification, and data reporting, Womply streamlines financing access for Main Street enterprises.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses and independent contractors struggled to navigate the complex Paycheck Protection Program (PPP) application process, facing limited access to lenders, lengthy paperwork, and a high risk of fraud and ineligible submissions.
Solution
Womply offers a software platform that streamlines PPP applications for sole proprietors and 1099 workers. The platform digitizes data collection, validates eligibility, and routes completed applications to SBA‑approved lender partners, which retain underwriting and funding responsibilities. Integrated screening tools automatically block suspicious or ineligible submissions before they reach lenders, reducing fraud exposure. The system also aggregates application data and provides it to government fraud investigators, supporting oversight and enforcement. By leveraging Womply’s existing CRM, marketing, and reputation tools, the solution delivers a fast‑lane experience that expands credit access to underserved and minority‑owned businesses.
Target Audience
Primary users are small businesses, sole proprietors, and independent contractors seeking PPP financing, as well as SBA‑approved lenders that need a reliable pipeline of vetted applications.
Features
- Digital intake workflow that auto‑populates applicant information from existing merchant transaction data
- Real‑time eligibility checks and automated fraud screening that prevent over 1 million invalid applications from proceeding
- API integration (Fast Lane) that connects completed applications to SBA‑approved lenders for underwriting and funding
- Data export capabilities that supply detailed application records to federal, state, and local fraud investigators
- Support for sole proprietors and 1099 workers, enabling average loan amounts of ~$14,000
- Reporting dashboard that tracks loan volume, approval rates, and fraud detection metrics