SOURCE: Edgeware Analytics

May 04, 2007 14:58 ET

Edgeware Analytics Launches the SBA Deal Exchange

Ground-Breaking Online Exchange Connects SBA Lenders With Deals Not Fitting Their Lending Criteria to Lenders Seeking New Deals, Lifting Profit for Both

SAN DIEGO, CA -- (MARKET WIRE) -- May 4, 2007 -- Edgeware Analytics, Inc., an innovative provider of profitability tools for small business lenders, has announced the launch of the SBA Deal Exchange™, an on-line forum connecting SBA lenders with deals not fitting their lending criteria to lenders seeking available deals. Edgeware's ScoreEdge™ SBA Decision Score, a critical aspect of the Exchange, allows lenders to rapidly select and evaluate appropriate deals based on a statistically valid estimate of associated risk.

Every lender's marketing organization sources deals ultimately not funded for a variety of reasons. The SBA Deal Exchange provides a platform for the lender to make such deals available to other lenders who may select to fund the loan. The posting lender will earn referral fees paid by the acquiring lender. The SBA Deal Exchange will be a rich deal flow source for all participants.

"As part of our ongoing commitment to provide fair and transparent profit-enhancing tools, we are thrilled to offer the SBA Deal Exchange to all SBA lenders," said Dan Shoham, CEO of Edgeware Analytics, Inc. "The process is easy, quick, and free. Each deal will be scored with our powerful decision model, ScoreEdge, which will help acquiring lenders understand the risk profile." Edgeware announced that the standard scoring fee for deals posted to the Exchange is waived unless a loan is closed.

"BLX is always looking for creative ways to both source deals and to find homes for deals outside of our credit box," said Bobby Tannehauser, CEO of Business Loan Express, LLC, a national leader in SBA lending. "I'm very excited that the ScoreEdge score, a product we've used for years, will be included on available loans. It will help us quickly assess a deal's risk."

"When I first heard of the SBA Deal Exchange I was eager to see it in action," said John Schulte, CEO of Small Business Loan Source, LLC. "Now that I have I'm even more impressed. We have long sought an outlet for deals we weren't closing but until now there hasn't been an efficient market. I'm excited by the expectation of recovering business development dollars for deals we don't close. And of course we'll actively monitor the Exchange for new deal flow."

The SBA Deal Exchange is officially launched in conjunction with the National Association of Government Guaranteed Lender's Mid-year Technical Conference in Chicago on May 8 - 10, 2007. For a limited time only, free premium Exchange memberships are available to SBA lenders. For more details, or to become a member, please contact Edgeware Analytics at:

About Edgeware Analytics

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 on-line forum connecting SBA lenders with deals not fitting their lending criteria to lenders seeking available deals. Additional information can be found at:

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