Small Business Lending Software

Loan Software for Small Business

Streamline small business lending processes and reduce turnaround time by rapidly deploying purpose-built lending automation software. Enable unified processing by integrating the software with your existing loan origination system (LOS) or Newgen’s LOS. Furthermore, allow multi-channel document submission, customer verification, smarter decision-making, seamless loan booking, increased productivity of lenders, and enhanced customer experience. Deploy the software in phases, per your bank’s needs – online, back office, or full-fledged loan origination software.

Newgen’s Commercial Loan Origination Software

Ensuring Real Outcomes for Every Role

Chief Executive Officer

Responsible for overall business strategy, CEOs can leverage Newgen’s commercial lending software to ensure cost efficiency while maintaining credit compliance, managing risk, and overseeing credit growth. All of this enables them to deliver a greater ROI to stakeholders, including customers, employees, and partners.

Increased profitability and revenue
Quicker loan disbursal
Higher volume of loan originations
Rapid deployment for a faster ROI
Faster time to market

Chief Lending Officer

With a focus on monitoring and growing credit, CLOs can maintain a healthy portfolio mix, drive market penetration, and reduce costs by leveraging a robust commercial lending solution. This further allows them to manage stakeholder relationships and ensure a faster ROI.

Simplified communication using digital portals
Improved productivity of loan officers and underwriters
Shorter turnaround times
Automated decisions for small value loans
Greater frequency of first time right processing

Chief Operating Officer

COOs are responsible for streamlining operations, maintaining efficiencies, and ensuring real-time visibility and transparency across all processes. A commercial loan origination software can help them seamlessly manage documentation, loan servicing, funding, and closing, among other things.

Increased number of loans serviced per staff (FTE)
Improved productivity and an optimized workforce
Centralized document access and processing
Reduced operational costs
Enhanced application tracking and monitoring

Chief Risk Officer

Responsible for ensuring compliance and mitigating risk, CROs can implement a robust commercial loan origination software to safeguard their organization. The software can help CROs manage credit risk, control risk distribution, ensure effective risk rating, and much more.

Enhanced portfolio risk monitoring and mitigation
Dynamic credit risk modeling
More effective risk rating models and scorecards
Ensured continuous improvement
Integrated financial analysis
Improved data governance and management

Chief Information Officer

CIOs are primarily responsible for ensuring technological advancement and modernization. With a commercial loan origination software, they can develop and implement new or upgraded systems, while ensuring scalability and adaptability, to support business goals.

Modern, adaptable, and configurable software built on a low code platform
Stronger data analytics and a centralized repository for data and documents
Quicker provisioning with cloud deployment
Ease of integration with core and third-party systems
Lower maintenance costs

Zero-touch Processing and Efficient Lead Generation

Straight-through processing and immediate approval of online loan applications with an auto-decisioning engine
Efficient lead management and handling of cross and up-sell opportunities

Multi-channel Document Submission

Flexibility for customers to apply online, in-branch or call center and save/resume applications from any channel
Self-service for document upload and status tracking

Back Office Review Workspace

Personalized workspace for lenders for reviewing incomplete/incorrect applications and loan exceptions with SLA alerts
Loan package generation with small business loan documents

Credit Analysis and Monitoring

Comprehensive credit analysis per client needs including financial information, credit profile, ratios, and account history
360-degree visibility into the lending cycle, trends, exceptions, and productivity using the reporting engine

Seamless Integration

Seamless integration with tools for identity verification/authentication, fraud check, OFAC, and blacklist check
Integration of loan documents with existing document preparation engine

Lending Solutions

Consumer/Retail Lending

Automate your consumer/retail lending process to manage...

Commercial Lending

Ensure compliance and process efficiency throughout the...

Small Business Lending

Deploy small business lending software within weeks and...

SBA Lending

Help small businesses with a full-proof lending process...

SME Lending

Empower small and medium enterprises with a streamlined...

Mortgage Lending

Streamline your mortgage lending processes for greater...

NBFC Lending

Newgen's Cloud-based Lending Solution for NBFCs

Student Loan Management

Empower students to ace career goals with seamless, quick,...

Accelerating digital
across 20 branches

Learn how Wilson Bank & Trust is leveraging Newgen’s Digital Transformation Platform for online account opening, business banking, and small business lending.

Seamless Integration with
Fintech Partners

Watch this video to understand how Advia Credit Union is leveraging Newgen to seamlessly integrate with fintech partners and transform member experience.

Enhancing Account
Opening process

Learn how Georgia’s Own Credit Union leverages Newgen’s Account Origination platform to minimize time taken to open an account, and easily integrate with third party systems.

Why Newgen is the
Partner of Choice

Watch this video to learn why Newgen is the partner of choice for Old Point National Bank.

Credit offers
in less than 1 minute

Qander Consumer Finance leverages Newgen’s automation platform to transform and automate their banking processes, delivering credit offers to customers in under a minute.

50%
reduction in cost

Nancy Foster, SVP and Credit Administrator, talks about using Newgen’s solutions to digitally transform BNB Bank’s banking processes for improved customer experience.

Turnaround time reduced
from day to an hour

Equity bank was able to deliver consistent customer experience across all channels, embrace mobile-first approach & eliminate process inefficiencies using Newgens' Online Account Opening Solution.

Learn more