An example of such solution is sbaOpen, an enterprise-class Web application that allows lenders to efficiently and effectively originate, underwrite, authorize and approve SBA loans. The Small Business Administration (SBA) is a United States government agency that provides support to entrepreneurs and small businesses.
Following the rules
SBA lending and loan processing is based on one of the (if not the) most complex set of rules and standard operating procedures (SOPs). SOPs for SBA loans are regularly updated and we have created a solution that allows all these changes to be implemented in timely manner.
A worry free solution
sbaOpen is a worry free solution for SBA lenders. sbaOpen is the only solution that automatically generates a complete set of eligibility criteria that both lenders and borrowers must follow. At the same time, sbaOpen automatically creates a set of documents that are required for loan submission to SBA. After SBA approval is received, sbaOpen automatically generates a set of closing documents, and prepares documents needed in the funding phase.
No matter how complex your requirements are – chances are that we've already built something similar.