Case Study: Lendistry achieves rapid PPP loan growth with Cliq

Lendistry processes $4.7 billion in PPP loans with Cliq

Lendistry, a small business lender, faced the challenge of rapidly scaling its operations to meet unprecedented demand as it became a major provider of Paycheck Protection Program loans during the COVID-19 pandemic. They needed a financial technology partner to help quickly process applications, prevent fraud, and move money efficiently. They turned to vendor Cliq for its merchant services and fintech solutions.

Cliq implemented custom technology solutions tailored to Lendistry's specific workflows, allowing them to support the customer's astronomical 2700% business growth. As a result, Lendistry processed $4.7 billion in loans and became a top 10 PPP lender in the country by 2021. Cliq continues to provide the technology that enables Lendistry to fulfill its mission of supporting underserved small businesses.

Lendistry