What Is the CARES Loan Tracker?
The CARES (Coronavirus Aid, Relief, and Economic Security) Loan Tracker is an online tool that lets borrowers, lenders, and policymakers monitor the status of pandemicrelated loan programs such as the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), and other COVID19 relief funds. By consolidating data from multiple government sources, the Tracker provides realtime insight into disbursement amounts, repayment schedules, forgiveness eligibility, and overall program performance.
How the Tracker Works
Data flows into the Tracker through three primary channels:
- Federal APIs: Direct connections to SBA, Treasury, and HHS endpoints deliver daily updates on loan applications, approvals, and forgiveness filings.
- Public Data Sets: CSV and JSON files released by agencies are automatically imported and normalized.
- User Submissions: Borrowers can voluntarily upload loan statements, which are encrypted and matched against official records.
Once ingested, the information is processed by a secure analytics engine that validates totals, flags inconsistencies, and generates summary statistics. The results are then displayed through an intuitive dashboard.
Key Features
| Feature | Benefit |
|---|---|
| Realtime Loan Status | See whether your PPP or EIDL loan is funded, pending, or forgiven. |
| Forgiveness Calculator | Enter payroll and expense data to estimate PPP forgiveness eligibility. |
| Geographic Heat Maps | Visualize loan distribution by state, county, or zip code. |
| Exportable Reports | Download CSV, PDF, or Excel summaries for accounting or audit purposes. |
| Alert System | Receive email or SMS notifications when deadlines approach or when a loan status changes. |
Getting Started
- Register an Account Provide a valid email address and create a secure password. Twofactor authentication is optional but recommended.
- Link Your Loan(s) Use the Add Loan wizard to enter the loan number, lender name, and loan type. You may also upload the loan agreement PDF for automatic data extraction.
- Verify Your Identity A short verification code is sent to your phone or email to confirm ownership of the loan.
- Review the Dashboard After verification, the loan appears on your personal dashboard with status indicators, upcoming dates, and a summary of repayment terms.
- Set Alerts & Preferences Choose which events trigger notifications and decide how often you want summary reports delivered.
All data is stored on encrypted servers that comply with FedRAMP standards, ensuring that sensitive financial information remains private.
Additional Resources
For deeper information about the programs tracked by the CARES Loan Tracker, consult the following official sources:
