NEW YORK, January 25, 2021 (Newswire.com) – Lending Qube™ is proud to announce that as of Jan. 21, 2020, it became an SBA-certified E-TRAN Vendor. This certification has been administered by the Capital Access Financial System allowing Lending Qube™ to utilize APIs to interact with the SBA’s E-Tran system on behalf of banks and credit unions. The E-Tran system is the SBA’s online portal through which SBA partner lenders service and originate SBA loans including 7(a) and 504 loans.
Lending Qube™ will incorporate this new API access into its existing SBA digital loan platform and further bolster its ability to support the operations of community banks and Minority Depository Institutions in the provision of SBA products to their communities. This is on the back of Lending Qube™’s response to COVID-19 Relief Programs by successfully rolling out Economic Injury Disaster Loan (EIDL) application services and more recently developing an SBA PPP Forgiveness Platform.
Lending Qube™ is a portfolio company of Founders’ Impact Inc. a Small Business Investment Company (sSBIC) licensed by the Small Business Administration. Founders’ Impact’s CEO, Zindel Zelmanovitch, stated that his company is committed to diversifying access to capital and focuses on underserved areas in Banking (MDIs), FinTech and InsurTech.
For more information about Lending Qube™ visit the website here https://www.lendingqube.com
For more information about Founders’ Impact visit the website here https://foundersimpact.com
Source: Lending Qube