Case Study: Entrepreneur Fund achieves faster lending decisions with SPARK

Entrepreneur Fund sends 90% of deals through SPARK

The Entrepreneur Fund, a Minnesota microlender, faced a significant challenge to its sustainability after losing a major funding source in 2011, which forced staff layoffs. With a leaner team, they needed a way to increase their loan volume and operational capacity, particularly for larger and more complex loans, while improving their overall lending process efficiency. They turned to the vendor SPARK for a solution.

SPARK provided a lending platform that brought transparency and organization to the entire loan process. The solution allowed everyone on the lending and credit teams to collaborate effectively, eliminated bottlenecks, and sped up approvals. As a result, the Entrepreneur Fund could handle more deals and expected to process 90% of their loans through SPARK. The customer also highlighted SPARK's exceptional customer service and support as a key differentiator.

Entrepreneur Fund