SOURCE: Edgeware Analytics

October 29, 2007 17:11 ET

Business Lenders to Use Edgeware Analytics' ScoreEdge Small Business Credit Score to Improve Loan Origination Decisions

Top Non-Bank SBA Lender to Use Data-Driven Model for More Profitable Small Business Credit Approvals

SAN DIEGO, CA--(Marketwire - October 29, 2007) - Edgeware Analytics, Inc., an innovative provider of profitability tools for small business lenders, has announced today that Business Lenders, LLC is relying on the ScoreEdge™ small business loan decision model to improve origination decision accuracy.

ScoreEdge is an online, real-time decision tool that provides greater insight into the risk of loan approvals. Edgeware Analytics developed the statistical model by analyzing hundreds of thousands of SBA and conventional loans and their subsequent performance. ScoreEdge examines the same application time data available to the loan officer and returns a three digit score that helps predict the loan's future performance.

"We are always seeking ways to support our goal of making sound credit decisions while delivering prompt closings for our customers and brokers," said Penn Ritter, President and Chief Executive Officer of Business Lenders. "We've selected Edgeware's ScoreEdge decision model to give us additional risk insight so we can continue our record growth."

"Business Lenders is one of the nation's fastest growing non-bank SBA lenders," said Dan Shoham, Chief Executive of Edgeware Analytics. "All of us at Edgeware are excited that Business Lenders has chosen us as their decision model provider and we're proud to support their ongoing growth plans."

About Edgeware Analytics, Inc.

Edgeware Analytics, Inc., an innovative provider of customized and generic profitability tools to lenders, combines expertise in statistical modeling and credit evaluation to create profit-enhancing predictive models and systems. Used by national lenders, certified development companies, credit unions and community banks; Edgeware's ScoreEdge™, ScoreEdge504™, RiskRate™ and Oscore™ products, work in conjunction with a lender's established underwriting procedures to measurably improve the accuracy of small business credit approvals. Edgeware's SBA Deal Exchange™ is an online forum connecting SBA lenders with deals not fitting their lending criteria to lenders seeking available deals. Additional information can be found at:

About Business Lenders, LLC

Business Lenders, LLC is a leading non-bank "National Preferred" lender based in Hartford, CT with offices in Arizona, Boston, Chicago, California, Indiana, New Jersey, Florida, Ohio and Texas. Business Lenders offers small-to-mid-sized companies loans from $250,000 to $5 million for real estate, equipment purchases, growth and expansion, acquisitions, and cash-flow improvements. Business Lenders can make loans anywhere in the United States. Call toll-free at 877-345-6267 of visit its website at

Contact Information