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...
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 ...
Whether you are a Community Advantage (CA) lender or thinking about becoming one, this seminar will provide you with valuable information on how to grow your balance sheet and increase liquidity so you can make even more high impact loans in your community. Our experts will help you understand th...
How efficient is your current small business loan operation? Do you have insight into the cost of customer acquisition? Are you measuring the cost of loan origination? Is everything done manually or do you have multiple systems, each dealing with a different aspect of the process? Alt...
In 2014, 2.2 million businesses, located in low-income communities, sought credit while CDFIs originated just over 12,300 small business loans. Online small business lenders have stepped in to fill that gap, with multi-million dollar marketing budgets to bring in customers and a streamlined, repe...