Case Study: Square accelerates PPP loan verification with Persona

Square Capital automatically verifies Paycheck Protection Program loans with Persona

Square worked to help its small business sellers access SBA Paycheck Protection Program loans through Square Capital during the early, fast-moving days of the COVID-19 relief effort. To speed up applications and avoid bottlenecks, Square needed a way to verify applicant identities accurately and quickly as part of its PPP workflow, and it turned to Persona.

Persona provided a fully automated identity verification solution that Square Capital integrated into its PPP process. The result was identity checks completed in seconds instead of hours, helping Square submit accurate applications faster, improve compliance, and support tens of thousands of small businesses with a smoother and more efficient funding experience.

Square

Audrey Kim

Head of Product