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Premiums on SBA Loan Sales on GovGex.com Reach Record Highs

Fair and Open Exchange Delivers Competitive, Transparent Sales

SAN DIEGO, CA -- (Marketwire) -- 07/22/09 -- Premium bids on GovGex.com for SBA loan sales surpassed 109% for the first time since the fair and open exchange for the sale of government guaranteed loans was launched in May of 2008. As reported by the GovGex Independent Pricing Service(TM), loan terms such as base rate (Prime vs. LIBOR), spread on top of base rate, loan amount and years to maturity continue to have a significant impact on bid levels.

GovGex, a service provided by Edgeware Analytics, is an open exchange connecting government guaranteed lenders with loan buyers including broker dealers, banks, and direct investors. Since March 2009, GovGex listed over $150 million in SBA and USDA loans offered for sale by more than 70 banks and finance companies. Lenders turn to GovGex to meet their fiduciary duty of selling assets in a competitive bid process and to capture the highest premiums possible.

The record setting loan was posted by Pacific International Bank of Seattle, WA on 7/16 at 2:47 ET. Over the subsequent 26 hours the GovGex system presented the fully-priced 25-year SBA 7(a) loan to more than 30 potential buyers. On 7/20 at 2:19 ET the loan was sold for above 109%. In addition to the rise in premiums, GovGex activity continues to grow, with 38 new loans presented for sale in the day preceding and following the record high bid.

Market watchers debate the cause driving the rise in premium prices. Bob Judge, partner at Government Loan Solutions points to many possible factors. "I believe that the still yet to be implemented American Recovery and Reinvestment Act of 2009 which gives SBA the authority to make loans directly to systemically important SBA secondary market broker dealers, the limited supply of loans for sale, the Fed's TALF program and the return of investor demand for pools are all driving premiums," said Judge.

Bob Coleman, publisher of the Coleman Report, the leading information provider on small business lending, points to the impact of GovGex.com itself. "It's hard to look at SBA premiums without considering the impact of GovGex," said Coleman.

GovGex makes loans available to a growing network of more than 30 buyers, including the leading SBA pool assemblers and direct investors. To learn more visit: http://www.govgex.com/premium.php.

About Edgeware Analytics, Inc. and GovGex.com

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(TM), BizLX.com(TM), 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(TM) connecting business borrowers with lenders, GovGex.com(TM) connecting sellers and buyers of government guaranteed loans, and the ScoreEdge(TM) creditworthiness scoring model used by national lenders, certified development companies, credit unions and community banks. Additional information can be found at www.BizLX.com.

Media contact:
Mike Rozman
Edgeware Analytics
Email Contact
617-266-3263

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