SBA loan demand is on the rise, and financial institutions have an opportunity to tap into this growing market. Biz2X SBA loan software helps banks, credit unions, and other financial institutions streamline the loan intake process, check SBA eligibility, and enable easy submissions to the E-Trans system. The software also ensures SBA SOP compliance and quickly analyzes creditworthiness for faster loan processing while minimizing risks. Our platform is fully configurable to SBA needs, enabling financial institutions to scale their SBA loan portfolio, customer experience quality, and revenues effortlessly.
Our digital SBA loan application software provides an omnichannel experience with responsive design, supporting 7(a), Express, 504, CAPLines, and Microloans. Biz2X has established an integrated ecosystem with trusted third-party data services and payment portals to enable extended services without complex coding or additional expenses.
Your loan officers save time while your bank automatically captures, verifies, and stores all KYC requirements securely. The ready-to-launch borrower portal brings a whole new level of simplicity and transparency to SBA lending for your
An easily configurable dashboard maximizes opportunity capture in the quickest TATs.
Our SBA loan origination software dashboard facilitates everything from adding new SBA loan products to controlling data access based on hierarchies. The banker dashboard acts as an all-in-one portal for underwriting, risk and offer management, client communication, and reporting. High configurability helps manage all critical lending functions under one roof, strictly on your financial institution’s terms. Biz2X will match your credit policies, giving you precise control over configurable decision rules and user permissions, while equipping your bankers with automated financial calculations to cut out paperwork and accelerate loan decisions.
Leverage the power of AI analysis to empower your underwriting decisions.
Biz2X SBA loan origination software combines powerful third-party data integrations, credit analysis tools, and transaction-level reports to boost data-driven decisions. This powerful amalgamation of technologies unlocks stronger financial planning, faster risk assessment, and accurate borrower repayment reports. The advanced tools help your financial institution implement the latest financial analysis techniques customized to your business lending workflows. Predefine decisioning rules according to your credit policies or open up detailed loan-specific insights for your underwriting staff. Biz2X’s AI-powered credit analytics tool suite helps Banks and Credit Unions quantify risks and accelerate work simultaneously.
Utilize our seamless Fintech integrations to strengthen SBA loan checks.
Biz2X SBA loan origination software has prebuilt integrations with world-class technology partners to drive innovation. It also ensures adherence to the SBA loan checks and processes laid out by the US government. Easily and securely integrate with leading external Fintech service providers for SBA eligibility check, Digital SBA forms, E-Trans submission, and document management. These integrations streamline the implementation of advanced technologies, covering cloud infrastructure, secure APIs, payment portals, regulatory reporting, and risk management. A built-in integration capability offers your customers complete lending-to-repayment experience while ensuring top security protocols that comply with sensitive financial data-sharing regulations.
SBA 7(a) Loans
SBA 7(a) Express
SBA 504 Loans
SBA Microloans
Deep lending expertise powering 250,000+ SMEs and $12 billion in funding.
Powerful tech to handle multiple products.
Easy implementation assured with highly configurable solutions to meet custom business and credit requirements.
Extensive experience working with some of the top SBA lenders by volume.
Global operating partnerships with software providers and financial institutions to scale SMB ecosystem.
Biz2X is built by Biz2Credit, one of the largest digital lending marketplaces in the US today. Our software for SBA loans has been optimized, upgraded, and tested using over a decade of Biz2Credit’s proven online SBA lending experience. Our SBA loan software comes with AI-powered, scalable, future-proof technology tailored to grow financial institutions in a dynamic lending market through:
50%
Reduction in Decision Times
Increased Operational Efficiency
Significantly reduce loan processing times and minimize operational overheads.
2X
Loan Portfolio Growth
Expanded Loan Volume
Maximize completion rates with user-friendly banker-assisted borrower applications.
15%
Higher Approval Rates
Advanced Risk Control
Leverage insights from advanced scorecards based on your unique credit policies.
Increase
Application-to-Fund Rates
Increase Application-to-Fund Rates
Speed matters the most for borrowers relying on quick funding to safeguard their business. With AI-powered insights on borrowers' financial records and creditworthiness, Biz2X SBA loan origination software enhances risk assessment speeds with high accuracy. By automating data collection and report generation, the manual workload of your underwriting teams becomes minimal. As a result, more applications get funded with data-backed underwriting within your preset rules.
Improve
Cross-Selling Success
Improve Cross-Selling Success
With multiple SBA loans in your portfolio, a borrower application rejected for one loan product may be the perfect fit for another. Our in-built AI capabilities automatically identify such applicants. It verifies eligibility, financial records, and other criteria your financial institution sets to suggest best-suited loan products. Detailed reports of borrower financial patterns are provided to the underwriting teams to verify their creditworthiness. As a result, your SBA loan origination software helps reduce application rejections and improves client retention while increasing your revenue and net interest margins.
Ensure
Continuous
Compliance
Ensure Continuous Compliance
Government-backed loans require adherence to the latest and most complex regulations, governed strictly by the Small Business Administration in the US. Our robust AI algorithm automates logging end-to-end loan decisioning from application to underwriting and disbursal of loans. It also guides the borrower to access all platform features and sends automated follow-ups for application completion. As a result, every loan decision complies with the latest digital accessibility and financial regulatory frameworks, preventing unwanted penalties.
Modern consumers demand speed, transparency, and easy digital accessibility. Traditional processes and siloed technologies cannot provide financial institutions with the required speed, scalability, omnichannel experience, and easy navigation.
Bayfirst Financials, one of Biz2X’s clients and a premier small business lender in the US, sheds a clear light on the need to digitize SBA lending. Though Bayfirst had a strong track record of handling over a $1 billion in SBA loans, its siloed technologies and outdated processes restricted it to expand loan portfolio and drive quicker access to funds for borrowers.
Biz2X built a unified SBA loan origination software configurable to Biz2X’s extensive credit policies, workflow, and application velocity. The SBA loan software also incorporated multiple integrations in addition to a wide array of product modules and functionalities. It’s cloud-first nature could scale on-demand and handle sudden volume surges effortlessly.
As a result, Bayfirst brought down its application-to-fund TAT to just 16 days and digitally created 40+ new apps a day. Within a year of going live, the software usage spread across all divisions, sanctioning 3500+ decisioned applications in 2023. Bayfirst’s outcome data proves that a unified SBA loan software is essential to sustain leadership in today’s competitive lending industry.
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Can an SBA loan software boost loan approval speeds?
Waiting weeks for an SBA loan approval can be challenging for any small business. SBA loan software transforms this narrative by automating complex steps like E-Tran submissions to the SBA. Biz2X cuts approval times by 50% by automating document collection, SBA eligibility, and risk assessment. Biz2X holds a track record of approving loans in just 24 hours for the Paycheck Protection Program. With Biz2X software for SBA loans, small businesses keep their business running, and banks stay ahead of competitors.
Can SBA loan application software ensure compliance with SBA regulations?
SBA lending has strict rules, and penalties are hefty. The embedded AI suite of SBA loan application software is trained to comply with SBA Standard Operating Procedures. The AI algorithm auto-fills forms like the SBA Form 1919, where every step is logged and quickly updated with regulatory changes. Let’s take Dodd-Frank 1071 reporting as an example for small business loan data. No mistakes in compliance mitigate fines for banks and delays at the borrowers’ end. Their loans move forward and the financial institutions stay well within regulatory boundaries. The Biz2X SBA loan software handles everything while your teams focus on growth.
How does Biz2X SBA loan software handle loan risks?
Risk worries every lender as SBA loans need careful checks. Biz2X uses smart AI to identify the latest SBA metrics, debt service coverage ratios, and cash flow trends. Biz2X caught the spikes during the PPP SBA program early, saving its client Banks and Credit Unions from fraud. Biz2X loan origination software helps banks approve loans safely and borrowers get secure funds without surprises. The software monitors risks and instantly flags issues like a dip in revenue to boost lenders’ confidence.
Can SBA loan software support all types of SBA loans?
SBA loans come in various forms, and they’re never one-size-fits-all. There are SBA loan options like 7(a), 504, PPP, and Loan Forgiveness, among others. Biz2X SBA loan software is designed to support:
How does Biz2X SBA loan software analyze borrower data?
Borrower information is critical to process SBA lending of any type. Biz2X’s AI-powered tools pull information from SBA-approved sources like IRS records or credit bureaus. It quickly verifies eligibility by matching NAICS codes to SBA rules, reviewing financial statements, and providing accurate reports to underwriting teams and loan officers without manual effort. This automation allows borrowers to skip endless paperwork, saving time and providing banks with clear insights. By leveraging accurate and speedy data analysis, the software enhances the SBA lending process, making it preferable for borrowers and banks.
Can Biz2X SBA loan software manage loan volume surges?
With ease. Biz2X SBA loan origination software is a cloud-first platform offering on-demand scalability. It also predicts loan volume trends to suggest to Bank staff that they get higher bandwidths to facilitate more applications. SBA loan demand can surge unexpectedly, as seen during the Paycheck Protection Program when 5,500 lenders joined to meet urgent needs. Biz2X scaled up quickly to handle such high volumes, having launched in just 24 hours during PPP and successfully processed millions of loans without breaking a sweat. It allows banks to add new programs like SBA Express seamlessly, reducing costs by 75% without requiring extra staff, ensuring that lenders can manage more applications without feeling overwhelmed while borrowers are served promptly with minimal waiting time. Designed for busy periods, this scalable solution ensures lenders don’t lose clients, keeping SBA lending efficient and reliable.
