Fintech lenders are technology first companies with often automated systems in lending to small businesses; but the process to help with the Paycheck Protection Program has been against them from the start; because nearly all fintech lenders have not previously been approved by the SBA to lend they had to wait for several days before they could even apply to be part of the program; just as the PPP funds were running dry several fintech lenders were approved so they may be able to helpful in a second round of the program; the SBA is developing an API for payroll loans that would allow lenders to upload applications in batches but for the PPP all lenders had to use the antiquated E-Tran system that relies on a manual entry of data. The Wall Street Journal