X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-The Small Business Administration recently announced that it has developed a new loan application solution for participating lenders. The electronic application system, known as E-Tran, is aimed at saving credit unions and other SBA lenders substantial time and resources when sending a loan application to SBA. In response to requests, SBA has opened up the E-Tran technology to software providers so loans can be submitted directly to SBA or through the software providers for immediate responses. SBA has introduced a number of methods to take advantage of E-Tran including a Web page where lenders can enter loan information for single loans; a secure Web site for multiple simultaneous applications via an XML (Extensible Markup Language) file transfer; and through software intermediaries. Bankers Systems, a leading provider of compliance resource solutions for financial organizations, will be the first provider in the SBA lending marketplace to take advantage of E-Tran through the company’s proprietary software, which is being released to participating lenders.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.