SOURCE: Edgeware Analytics

November 14, 2006 11:14 ET

Ridgestone Bank and Bridge Business Bancorp to Use Edgeware Analytics' ScoreEdge and Oscore Small Business Credit Scores to Improve Loan Origination Decisions

National SBA Lenders to Use Data-Driven Models for More Profitable Small Business Credit Approvals

SAN DIEGO, CA -- (MARKET WIRE) -- November 14, 2006 -- Edgeware Analytics, Inc., an innovative provider of decision tools for small business lenders, has announced today that Bridge Business Bancorp, LLC and Ridgestone Bank are relying on the ScoreEdge™ and Oscore™ small business loan decision models 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 and 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 a loan's future performance.

Oscore complements Ridgestone Bank's and Bridge Business Bancorp's traditional due diligence techniques by providing an objective, data-driven evaluation of the most critical components of the lending decision -- assessing borrowers' management. The Oscore Management Assessment is delivered in the form of a questionnaire that can be conveniently completed by applicants in less than ten minutes. Answers are scored by Edgeware's proprietary algorithm yielding an empirical management assessment score that is statistically proven to predict future loan performance. Oscore's patent pending credit psychometry technology provides lenders the first truly objective assessment of management, a critical factor in loan performance previously assessed only subjectively.

"We are continuously searching for new technologies to improve our lending operations," said Matthew Smith, Director of Bridge Business Bancorp. "I expect Edgeware's decision models -- ScoreEdge and Oscore -- to deliver greater insight into credit risk, and with it, the tools to accelerate our already rapid business lending growth."

"All of us at Edgeware are pleased that Bridge Business Bancorp and Ridgestone Bank have selected ScoreEdge and Oscore as their statistical scoring models," said Mike Rozman, President of Edgeware Analytics. "Both Bridge and Ridgestone have a clear vision to grow their business lending portfolio and Edgeware is excited to support their efforts."

About Edgeware Analytics, Inc.

Edgeware Analytics, Inc., an innovative provider of customized and generic decision tools to lenders, combines expertise in statistical modeling and credit evaluation to create profit-enhancing predictive models. Used by national lenders, certified development companies and community banks, Edgeware's ScoreEdge™, ScoreEdge504™, and Oscore™ products work in conjunction with a lender's established underwriting procedures to measurably improve the accuracy of small business lending decisions. Additional information can be found at:

About Bridge Business Bancorp

Bridge Business Bancorp offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the lending industry. Through accounts receivable, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of its customers. Bridge is based in Chicago, Illinois with offices in the Northeast, Southeast, and West Coast.

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