Case Study: Grow America boosts SBA lending efficiency with SPARK

Grow America deploys $320 million in capital with SPARK

Grow America, a national small business lending program with SBA Preferred Lender status, faced challenges in maintaining consistent processes, which led to delays in loan origination. Their purpose-driven mission to catalyze job creation in underserved communities required a more efficient operational framework. To address this, they turned to the SPARK platform for a solution.

By implementing SPARK, Grow America standardized its processes and automated recurring tasks. This allowed the organization to deploy more than $320 million in capital and respond nimbly to the needs of small business owners during the COVID-19 pandemic, including pioneering recovery products like PPP loans. The stability of the SPARK platform, its user-friendly interface, and the vendor's exceptional customer support were critical to these results, enabling the lender to manage a growing team and rapidly changing processes effectively.

Grow America