Say goodbye to complex and outdated lending processes.
Meet SPARK: A transformational digital solution for business lending in your community.
Benefits you can count on.
Not just more efficient.
More connected.
From sales teams to credit teams, fulfillment teams, and business owners, everyone benefits from SPARK’s unified platform.
Automated lead capture
Attract business owners to you.
Embed the SPARK lead form on your website, and let business owners kickstart the loan process. Or, scan a business’s tax forms and watch SPARK automatically create a loan package.
Streamlined screening
Keep everything on track.
Business owners seamlessly connect with your team to efficiently build and advance the package. From there, owner-provided information is immediately available for review.
Transparent underwriting
Everyone is on the same page.
Ditch your shared drive — all information and documents are tied to the package in SPARK. Then, assign team members, divvy up tasks, and send reminders to keep the process on track.
Funding the future with technology and heart
We believe in banking and lending that does the most good for communities and business owners. No matter your area of loan expertise, SPARK simplifies every part of loan origination — so you can focus on the ones you serve.
NO ADD-ONS NEEDED
Solutions for every lender.
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Non-Profit Pricing
Eligible mission-driven lenders or CDFIs qualify for special platform discounts.
- Helping communities create outsized economic impact with SBA 7(a) loans
- Drive more leads and close more loans for deserving business owners.
- Ensure your CDFI has the same tools and competitive advantages as your for-profit counterparts, at a fraction of the cost
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Mission-focused
A new kind of lending that puts people and purpose first.
- SPARK is the world’s only loan origination technology company operating as a Public Benefit Corporation
- Track trends in processing time, funds disbursed, and more with integrated measurement and reporting tools
- Rely on a cloud-based platform that can be accessed anywhere, anytime
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Program Support
Integrated support for SBA and USDA loan products to help purposeful lenders.
- In addition to being technologists, we also bring government-guaranteed domain knowledge
- Rely on our dedicated customer success managers and support to help you learn the platform and get the most out of a digital lending solution
- Join the digital revolution reshaping the lending landscape with a reliable, affordable platform
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Better Document Control
Organize all SBA documentation in a single-source solution.
- Get rid of Word, Excel, and a network share as the primary tools you are using to grow
- All of these disparate systems can be replaced by SPARK’s built-in features and functionality
- Competitive edge by consolidating all origination activities in a single solution
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Deeper Lender Partnerships
Collaborate and share information between lenders and business owners.
- LSPs strengthen their relationships with lenders and meet lender needs while reinforcing their own business and marketing goal
- Information about the business owner, primary contact, sources and uses, and terms will automatically flow to the 1919 and the 1920 in SPARK without you having to do any extra work
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Simplified Onboarding
Get up and running sooner with a streamlined and simplified onboarding process.
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Cloud-Based and Secure
Ensure cloud security, privacy, and scalability with SOC II-compliance.
- SOC II-compliant platform leveraging modern cloud infrastructure to ensure privacy, security, and scalability
- Lenders can meet with business owners no matter the geographical limitations are present
- New features and capabilities are delivered automatically every 8 weeks to meet your needs
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Increased Productivity
Increase year-over-year origination volume without skyrocketing expenses.
- Holding expenses relatively flat
- Information about the business owner, primary contact, sources and uses, and terms will automatically flow to the 1919 and the 1920 in SPARK without you having to do any extra work
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Flexible Design
Easily launch new products and processes to enable faster growth.
- SPARK makes it easy to roll out new products and processes to enable your growth strategies
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Always Up-to-Date
Work smarter with new features and capabilities automatically delivered every 8 weeks.
- Cloud-based and hosted
- New features and capabilities are delivered automatically every 8 weeks to meet your needs
Cloud-based document control, organizational self-sufficiency, and a scalable, secure infrastructure for everyone.
CLIENT SUCCESS
Built for those who do things differently.
Entrepreneur Fund
Doing more micro-loans and making faster decisions.
I would say if you are looking for software, SPARK is a great solution. Beyond that, I would say that you won’t find another organization as good as SPARK when it comes to the customer service side.
Holtmeyer and Monson
Maintained a lean staff that supports even greater loan throughput.
The SPARK onboarding team is highly experienced with SBA lending, so it wasn’t just technical expertise they brought to the table. We had been dealing with technical workarounds for years, but SPARK understood the real-world challenges of SBA vs. always talking about functionality.
Why it’s more important now than ever to move from manual processes to cloud-based origination.
It was just a year ago that the banking world was turned on its head, whiplashed by the closing of branches, ever-changing PPP mandates, and a stagnant economy to boot. But crisis has a way of accelerating innovation and transforming things for good. From increased competitive pressure to new client expectations, community banks now face an opportunity to better serve the SMB market. And while the lending industry has traditionally relied on manual processes and in-person interactions, we believe a new era of loan origination is upon us that will change the game for good.
Ready to put SPARK to work?
Take your small business lending to the next level. Find out how.