Platform Benefits

Powerful technology for the future of loan origination.

Automated Document Generation

SPARK can generate SBA forms with the click of a button. Information is pulled directly from the SPARK platform into the forms, preventing any re-keying of information already contained in SPARK.

Rely on Intelligent Document Checklists

As the loan file grows, so do your SPARK document checklists. We use built-in logic to track the characteristics of the loan file and produce a document checklist based on these attributes. That’s why SPARK can automatically create a checklist item for Articles of Organization if the business is listed as an LLC.

Request Information Directly from Customers

Reach borrowers directly and have them complete their full loan applications through our convenient information requests. SPARK allows lenders to request tax forms, business plans, contact information, and personal/business finances in a single request.

Download our Features Sheet

Learn all about our platform’s features and how your bank can enter a new era of loan origination.

SPARK for Banks

Collaborative. Consultative. Effective. For banks seeking a scalable and dependable loan origination platform, SPARK brings everyone together to execute the process.

Frequently Asked Questions

  • When we say that SPARK is an “end-to-end” cloud-based lending software, we mean SPARK takes you through the entire loan origination process using one program.

    • Leads: Starting with the sales process, we integrate web leads on the platform and then turn those leads into an application.
    • Intake: The business development officer gathers more information from the applicant and sends the completed application to underwriting.
    • Underwriting: Once the underwriters review the information complied by the sales team, they complete a financial analysis and present the loan application to an approval committee. Should the approval committee (or board) approve the loan, it seamlessly moves into the packaging stage.
    • Packaging / Closing: In packaging, packagers collect any and all additional documents needed to finalize the deal. For SBA deals, the loan application is sent directly to E-Tran through SPARK.
    • Funding:  Finally, the closers and finance teams set up disbursements for the borrower.
    • Funded:Once all loan proceeds are disbursed, the funded loan is available for reporting purposes.

    All of these steps are done on one shared platform. This is beneficial because it allows for complete transparency at each stage for lenders and applicants.

  • Built into SPARK is a “borrower portal” where applicants / borrowers upload files, complete personal financial statements, and request disbursements. Each user gets a separate login to ensure that information entered is secured and confidential. Lenders are notified when borrowers enter information and can access this information borrowers enter at any time.

  • Any small business, commercial, or SBA lender that wants to help make loan origination simplified. SPARK currently has clients spanning from a $4 Billion bank to a CDFI Microlender. SPARK is also a great fit for Lender Service Providers (LSPs) as the platform was originally designed for SBA 7(a) lending and fully supports the SBA lending process.

  • Collaboration. As and end-to-end cloud-based lending software, it allows lenders, applicants, and referral partners to collaborate on one site rather than pulling in information from multiple programs and sources. This streamline approach saves time for your organization, which may ultimately reduce loan origination times by using this software platform.

    Automation. SPARK uses built-in logic to help create a loan package automatically based on the package characteristics. If your borrower is a Limited Liability Company (LLC), SPARK knows you’ll need an Article of Organization for that particular loan. This logic helps make loan origination simplified.

    Growth. SPARK’s visibility enables managers to view loan packages at every step of the process and see what might be slowing down the loan origination process. Managers can also view trends month over month to identify areas of inefficiency, which can then be more easily addressed.

  • No! You do not need to have a dedicated IT staff person to support the SPARK platform. SPARK has a dedicated support line that is staffed Monday – Friday from 8 AM – 4 PM CST. Additionally, each client has a dedicated customer success manager who is available to address any strategy questions associated with the SPARK platform.

  • Yes! SPARK has built-in integrations with DocuSign, FICO Liquid Credit, Laser Pro, TEA, and NLS. SPARK also supports API integrations that allow SPARK to communicate with third parties.

  • Yes! SPARK is a SOC® II compliant cloud-based platform that relies upon secure encryption technologies to maintain privacy of information throughout the origination process

  • No. SPARK can address and solve most origination needs from inquiry to funding. For those problems we can’t solve directly (such as servicing), we have options.

SPARK makes the process simple

Small business lending is complex, your lending platform doesn’t have to be.

Ready to put SPARK to work?

Take your small business lending to the next level. Find out how.