Microlending Management System

I recently helped launch three organizations in using Accion Texas’ Microlending Management System, a web-based solution for business loan origination.  It offers an online application, automated assessment and two-day turn around on formal underwriting.  We are about three months in and WEV, CDC Small Business Finance and Working Solutions are off and running.  In just three months, Devon Johnson of WEV was able to double the number of loans she can process at one time.  It’s a promising option for small volume lenders to increase volume and efficiency.  And this speed and efficiency is becoming the new norm, expected by potential borrowers.

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