Built for SBA loan packagers, LSPs and brokers. Upload the borrower's tax returns, interim financials and bank statements and get a spread, global cash flow and DSCR in Excel, with every number traced to its page.
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An SBA loan packager turns a shoebox of returns, statements and forms into a file a 7(a) lender can approve. The paperwork side is well served: SBA forms, checklists and borrower portals are cheap or built into the lender's system. The analysis side is not. Three years of business returns, personal returns for every 20 percent owner, interim financials, a debt schedule and months of bank statements still get keyed into a spreadsheet by hand before anyone can say whether the deal clears 1.15x.
That keying is the bottleneck on a packager's income. SOP 50 10 8 caps a percentage-based packaging fee at 2 percent for loans between $50,000 and $1,000,000, bans flat fees charged to every applicant, bans contingency fees, and requires documented work for anything over $2,500. You cannot raise the price per file much, so the only lever left is how many files you finish.
LenderAnalyzer does the reading. Upload the borrower's documents and it extracts every line of the returns and every bank transaction, builds a multi-year spread, adds back depreciation, amortization and interest, rolls up owner income into a global cash flow, and computes debt service coverage against the proposed payment. The Excel output links each figure to its source page, so the lender's credit analyst can check your work instead of redoing it.
Below is what that changes in a packager's week, how it compares with the SBA platforms lenders buy, and what the SBA rules on packaging fees mean for how you price your time.
Everything below reflects SOP 50 10 8, effective June 1, 2025, and the 7(a) Small Loan changes effective March 1, 2026. Vendor prices are the vendors' own published figures where they exist, and we say so where they do not.
Upload three years of Form 1120, 1120-S or 1065 returns with their K-1s, plus each guarantor's 1040 and Schedule C or E. LenderAnalyzer pulls revenue, cost of goods sold, officer compensation, depreciation, amortization, interest and rent into a year-by-year spread, so trends and add-backs are visible on one sheet instead of across 200 pages of PDFs.
The SBA wants the whole picture of anyone who owns 20 percent or more. The analyzer carries K-1 distributions and W-2 wages to the owner's personal side, subtracts personal debt service from the credit report figures you enter, and produces a global cash flow that shows whether the combined business and household can carry the new payment.
Standard 7(a) loans above $350,000 need at least 1.15x coverage under SOP 50 10 8, and 7(a) Small Loans of $350,000 or less need 1.10x since March 1, 2026. Enter the proposed amount, rate and term and the file shows historical coverage for each year, so you know before submission whether the deal clears the floor and the lender's own policy.
Monthly deposits, withdrawals, average daily balance, NSF and overdraft items, and recurring payments to other lenders come straight out of the statements. Deposits that run well below reported revenue, or debt payments missing from the debt schedule, show up before the lender's analyst finds them. Undisclosed debt is one of the fastest ways to lose a file.
SBA rules say an agent's fees over $2,500 must be supported by documenting the service performed, and hourly fees must show the rate and time spent on each service. A spread, a global cash flow and a DSCR workbook tied to source pages are exactly that record. They also make Form 159 easier to support when the lender asks what the packaging fee paid for.
Credit analysts at SBA lenders re-spread a packager's numbers when they cannot trace them. Because every cell in the LenderAnalyzer export points to a page in the borrower's documents, the analyst can verify rather than rebuild. Packagers who hand over traceable spreads get fewer follow-up questions and shorter turn times from the lenders they work with.
Change-of-ownership deals are a large share of 7(a) volume and the hardest to package: seller returns, a purchase agreement, a valuation and a projected DSCR. The analyzer spreads the seller's history, normalizes the seller's compensation and one-time items, and gives you a clean base year to project from, which is the part that takes a packager the longest.
LenderAnalyzer is not an SBA origination system and does not submit to E-Tran or generate Form 1919. Lenders run that on nCino, Abrigo, Baker Hill, SPARK or TSoftPlus. A packager needs the analysis before any of that happens, and at from $99 a month it costs less than the time spent spreading a single file by hand.
What each option actually does for a packager, with published prices where a vendor publishes one.
Swipe sideways to see the full comparison
| Option | What it does | Published price | What it leaves to you | Best for |
|---|---|---|---|---|
| LenderAnalyzer This page | Reads returns, financials and bank statements; builds the spread, global cash flow and DSCR in Excel with source pages | From $99/mo, with volume and enterprise tiers | SBA forms, E-Tran submission and closing documents | Packagers, LSPs and brokers who spend their hours spreading files |
| SPARK (Ignify) | Cloud SBA origination for lenders and LSPs: application portal, document checklists, package assembly | Not published; quoted | The spreading and cash flow math | Lenders and LSPs that want an SBA-specific origination portal |
| TSoftPlus (Wolters Kluwer) | SBA loan processing and forms for lenders, connected to E-Tran | Not published; quoted | Reading the borrower financials | Banks and credit unions that need SBA forms and E-Tran workflow |
| Centrex | CRM for SBA brokers and funders: pipeline, e-signature, client portal, document builder | Directories cite from $25 per user/mo; Capterra shows no vendor price | Credit analysis of the file | Brokers managing a large pipeline of referral partners |
| Excel by hand | Everything, keyed manually from the PDFs | Your time: several hours per file | Nothing, which is the problem | Packagers doing a few files a month |
Comparison compiled by LenderAnalyzer from public vendor materials; see the date noted above each table. Competitor names are trademarks of their respective owners; figures may change, so verify current details with each vendor.
Computed deterministically from every extracted transaction, every figure traceable to its source line.
Computed across the full statement period, carried forward day by day.
Deposits vs withdrawals and net flow, broken down month by month.
Every insufficient-funds and overdraft incident counted, with fees totaled.
Recurring deposits grouped into income streams with estimated monthly amounts.
Debits to other lenders and funders detected and totaled per month.
Days below zero across the period, a direct stress signal.
The biggest credits with dates and sources, concentration flagged.
Automatic red and yellow flags your analysts can review in seconds.
Drop in PDFs, scans or photos, one statement or a multi-month package, from any bank.
Every transaction is extracted, then cash flow, balances, income streams, NSF activity and debt payments are computed.
Read the underwriting snapshot, download the Excel report, or pull structured JSON into your LOS via API.
28 lending document types extracted out of the box, build the complete picture of an applicant's financial situation.
Common questions from lending and credit teams.
An SBA loan packager prepares a borrower's application so a lender can approve it: collecting tax returns, financial statements and bank statements, completing the SBA forms, writing the business and use-of-proceeds narrative, and spreading the financials to show cash flow and debt service coverage. Most of the hours go into the financial analysis.
Under SOP 50 10 8 an agent charging a percentage may take no more than 3 percent on loans of $50,000 or less, 2 percent between $50,000 and $1,000,000, and 0.25 percent above that, capped at $30,000. Hourly billing has no cap but must be reasonable and documented. Fees over $2,500 require documentation of the work.
Not to every applicant. SOP 50 10 8 bars agents from charging a standard or flat fee to all applicants and from charging contingency fees paid only if the loan closes. Fees must relate to the work performed on that file, which is why a documented spread and cash flow analysis matter.
An LSP is an agent that carries out lender functions such as originating, processing, closing or servicing SBA loans for compensation from the lender. The LSP must work under a written agreement that the lender submits to the SBA for review. A packager hired by the borrower is not an LSP.
No. The SBA requires lenders and agents to tell applicants that using an agent is not required. Borrowers use packagers when the lender asks for a complete package, when the business has complex returns or several owners, or when the owner does not have time to assemble three years of financials and forms.
SBA lenders typically run origination and E-Tran submission on nCino, Abrigo, Baker Hill, SPARK or Wolters Kluwer TSoftPlus. Many add a separate analysis tool for spreading returns and statements, because origination systems collect documents but leave the reading to an analyst. LenderAnalyzer is used for that analysis step.
A typical 7(a) package includes three years of business tax returns, personal returns for each 20 percent owner, year-to-date interim financials, a business debt schedule, a personal financial statement on SBA Form 413, SBA Form 1919, recent bank statements, and for acquisitions the purchase agreement and valuation.
SOP 50 10 8 sets a minimum of 1.15x for standard 7(a) loans, and 7(a) Small Loans of $350,000 or less need 1.10x since March 1, 2026. Most lenders set their own policy higher, commonly around 1.25x, so packagers should show coverage for each historical year and a projection.
Assembling documents often takes one to three weeks because it depends on the borrower. The analysis itself, spreading three years of returns and statements, usually takes several hours by hand. LenderAnalyzer turns that part into minutes of upload and a review of the flagged items, so the file is ready once the documents are.
No. LenderAnalyzer does the financial analysis and exports it to Excel. E-Tran submission and SBA forms stay with the lender's origination system. Packagers deliver the spread, global cash flow and DSCR workbook to the lender, whose analyst can check each number against the source page.
How credit teams run these calculations by hand, so you can see exactly what the software automates.
The lender-side view of 7(a) and 504 analysis.
SBA platforms for small lenders compared by job and price.
The 1.15x and 1.10x floors and how lenders apply them.
Business and owner cash flow combined in one sheet.
1120, 1120-S, 1065 and 1040 spreads from the PDFs.
Seller history, add-backs and projected coverage.
What a 7(a) underwriter reads in each document.
The file problems that sink SBA deals.
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