A $900 billion relief bill that pumps billions of dollars back into the popular Paycheck Protection Program (PPP) that ended in early August was recently passed by Congress. Thanks to PPP, small businesses can borrow money from private lenders without collateral, personal guarantees, or fees. The...
Watch as we cover what’s new, what’s fixed, and what’s changed on the SPARK Loan Origination Platform since the SPARK 6.6 Release in February 2019. New Features in the SPARK 6.7 Release include: RMA Data Integration Improvements to the Debt Schedule Updated Financial Analysis, i...
In honor of International Women’s Day, we at SPARK wanted to recognize all the women making a difference in the finance and technology world. Together, through hard work and perseverance, we’re revolutionizing small business lending! Keep up the good work ladies! #internationalwomensday
Watch as we cover what’s new, what’s fixed, and what’s changed on the SPARK Loan Origination Platform since the 6.5 Release in December 2018. New Features in the SPARK 6.6 Release include: SPARK 6.6 Release Webinar For a closer read about some of the newest SPARK features, visit our News page!
Recognized for transformative financing strategies in disinvested communities FOR IMMEDIATE RELEASE ATLANTA (October 26, 2016) – Goldman Sachs 10,000 Small Businesses, the Surdna Foundation and Opportunity Finance Network (OFN) today announced that Community Reinvestment Fund, USA (CRF) is a reci...
This is the second in a two-part series. During our JumpStart process consulting assessments, we have heard some common threads around the challenges underserved small businesses face and how that impacts their ability to secure financing. I was able to bucket them into six categories and today I...
The continued evolution of technology and the explosion of online small business lenders has many mission-driven lenders, CDFIs and CDFI banks, searching for ways to compete and remain viable. Small business borrowers have a ton of options and expect a quick and seamless experience. On the other ...
Through our unique experiences as both a direct small business lender and process optimization consultant, we’re often asked to provide our perspective on the challenges today’s small business borrowers face when attempting to access capital. Over time, we have observed and documented six common ...
As part of its Q1 earnings press release, the board of directors of Lending Club announced last week that it had accepted the resignation of Renaud Laplanche as Chairman and CEO following an internal review of sales of $22 million in near-prime loans to a single investor. This announcement also p...
On Thursday, April 21st, Spark held a webinar, CDFIs: Turn Your Website Into a Lead Generation Tool. We discussed lead generation and the customer decision journey, including how to drive customers to your website, efficiently collect information to qualify them as a lead for your small business ...