Case Studies
Case Studies
Disaster Lending
In April 2022, the Small Business Administration (SBA) launched a bold initiative to modernize its disaster lending program, aiming to streamline assistance for communities impacted by natural disasters.
At the heart of this transformation is MySBA, an intuitive, accessible, and efficient one-stop-shop user-interface platform powered by Allocore.
Allocore’s innovative technology has transformed the disaster lending process, reducing disbursement times from over 105 days to under 18 days through the MySBA platform. This dramatic improvement ensures timely support for businesses and families when they need it most, showcasing Allocore’s commitment to simplifying complex processes and empowering the SBA to deliver faster, more reliable aid to disaster-affected communities nationwide.
Veteran Certification Management
In September 2022, the Small Business Administration (SBA) embarked on a significant initiative to better serve veteran-owned businesses by assuming oversight of the Veteran Certification Management System (VCMS) from the Department of Veterans Affairs (VA).
Leveraging Allocore’s advanced technology, the SBA successfully developed and launched the highly acclaimed VetCert platform.
VetCert is a transformative upgrade that simplifies the certification process for veteran-owned small businesses, providing seamless access to resources and certifications needed to compete for government contracts and grow. This launch showcases Allocore’s ability to modernize critical systems with speed and precision, empowering veteran entrepreneurs with the tools to thrive in a competitive marketplace. VetCert stands as a powerful example of how innovative technology can create meaningful impact for those who have served our country.
Paycheck Protection Program (PPP)
In response to the urgent economic needs of small businesses during the COVID-19 pandemic, the Small Business Administration (SBA) turned to Allocore for a fast and reliable solution to streamline the Paycheck Protection Program (PPP) forgiveness process.
Typically, systems of this scale can take years to develop and implement, however, Allocore rose to the challenge, delivering a fully operational SBA solution in just two months.
Since its launch in May 2020, the platform has proven its resilience and efficiency, enabling the origination of over 7 million PPP loans while drastically reducing the amount of fraud, waste, and abuse present in the program. This remarkable achievement underscores Allocore’s ability to deploy agile, scalable, and impactful solutions in record time, empowering businesses and citizens nationwide to access the relief they needed when it mattered most.
Restaurant Revitalization Fund (RRF)
In January 2021, Allocore partnered with the Small Business Administration (SBA) to launch the Restaurant Revitalization Fund (RRF).
This $28.6 billion grant program was designed to provide critical relief to restaurants and food businesses impacted by the COVID-19 pandemic. A quick response was critical, and Allocore met the challenge by delivering a robust, scalable system in just 30 days.
Designed to handle extraordinary demand, Allocore’s platform processed 500,000 applications in the first hour of launch, setting a new standard for speed and efficiency in government grant programs. The RRF system highlights Allocore’s technical expertise and played a vital role in supporting the restaurant industry by streamlining the application process and ensuring timely access to funds, helping restaurants nationwide recover and rebuild.
Offices of Hearings and Appeals (OHA)
In November 2020, Allocore partnered with the Small Business Administration (SBA) to modernize the way the agency manages disputes and appeals through the Offices of Hearings and Appeals (OHA).
Leveraging Allocore’s technology, the SBA launched anext-generation digital system designed to simplify and modernize the adjudication process.
Allocore’s advanced software empowers individuals to easily appeal decisions, streamlining a previously cumbersome and time-consuming process. By providing a user-friendly and efficient solution, the platform ensures greater transparency and ease
for applicants and stakeholders. This success underscores Allocore’s commitment to enhancing government services, delivering fairer, faster, and more accessible tools for resolution, and playing a key role in the SBA’s efforts to uphold accountability and
deliver equitable outcomes.
COVID Economic Injury Disaster Loan (EIDL) Closing Program
In October 2021, Allocore partnered with the Small Business Administration (SBA) to implement a transformative solution for the COVID Economic Injury Disaster Loan (EIDL) program.
Designed to address the complexities of closing real estate-secured loans across diverse local jurisdictions, Allocore’s platform streamlined the entire process, ensuring timely and accurate loan closures.
Allocore enabled SBA to seamlessly coordinate with local authorities, ensuring that all compliance requirements were met and documentation was processed efficiently. As a result, the loan closing and funding process was significantly accelerated, empowering the SBA to provide much-needed financial relief to businesses nationwide in their time of recovery. This solution highlighted Allocore’s ability to deliver scalable and efficient technology that directly supported the nation’s economic recovery efforts during a critical period.