Lendesca originates SBA loans on behalf of SBA-approved bank partners who make the credit decision and fund the loan.
Lendesca introduced itself publicly today, after months of originating real loans alongside lending partners. Instead of a point solution or an outside-in tech play, Lendesca built a complete SBA lending operation for banks of every size — the origination technology, the expert staff to run it, and the borrower volume to fill it.
The leadership team averages 25+ years inside the SBA 7(a) program, paired with engineering experience from institutions including Bank of America, JPMorgan Chase, and Fannie Mae. As 7(a) participation concentrates among fewer lenders, Lendesca’s model gives institutions a way to add SBA capacity without standing up a full department — credit authority, funding, and the customer relationship stay with the bank.
Release via GlobeNewswire