SOURCE: Edgeware Analytics

 

SAN DIEGO, CA--(Marketwire - January 23, 2009) - Edgeware Analytics, Inc., provider of BizLX.com™, the Small Business Loan Exchange™, announced today that more than $100 million of government guaranteed loans have been listed for sale since the launch of GovGex.com™ -- the platform for buying and selling government guaranteed loans.

This milestone, following an 85 percent volume increase in the fourth quarter, indicates a sharp increase in demand for GovGex.com services as sellers seek buyers for government-backed loans. With more than 20 buyers, including broker-dealers registered to assemble SBA pool securities, GovGex.com continues to add more buyers, increasing potential for more bids and higher premiums for sellers facing liquidity challenges.

In addition to helping foster liquidity in the secondary market for government guaranteed loans, GovGex.com has emerged as an independent source for real-time secondary market clearing price information -- generated by actual bids from all buyers on GovGex.com.

"I've been involved in all things SBA for a long time, and GovGex is the most ground-breaking solution I've seen for SBA secondary market," said Robert Coleman, noted small business finance expert and publisher of "The Coleman Report." "Its innovative platform brings transparency, simplicity and audit control to the sale process and benefits sellers and buyers alike. Edgeware Analytics, through GovGex, is providing important expertise and leadership during this credit crisis in helping lenders sell their loans."

The GovGex component of the Small Business Loan Exchange provides one-click access to all bids -- allowing the seller to capture as much value as possible for their loan sale. GovGex also provides complete, multi-user archiving and tracking for audit and compliance. An additional recent feature added to the exchange is the ability to sell USDA loans.

"GovGex continues to be the most profitable way to buy and sell government guaranteed loans," said Edgeware Analytics CEO Dan Shoham. "Since launching in May we have continuously improved GovGex -- providing increasing exposure for sellers while continuing to add many features to the platform to simplify the loan sale process -- from the actual sale through year-end audit."

About Edgeware Analytics, Inc.

Edgeware Analytics, Inc. provides a comprehensive suite of technology products and services to the small business lending marketplace. The company's Small Business Loan Exchange™, BizLX.com™, utilizes powerful analytics to transparently match a broad array of lending marketplace participants including business borrowers, aggregators such as franchisors and business brokers, lenders, secondary market funding sources, and vendors to small businesses. Elements of the Small Business Loan Exchange include SBLX™ connecting business borrowers with lenders, GovGex.com™ connecting sellers and buyers of government guaranteed loans, and ScoreEdge™ creditworthiness scoring model used by national lenders, certified development companies, credit unions and community banks. Additional information can be found at www.BizLX.com