ALEXANDRIA, Va.--(BUSINESS WIRE)--Parlay Finance, a SaaS-based Loan Intelligence System (LIS) for credit unions and community banks issuing SBA and small business loans, today announced the availability of its white paper, "Supercharging Small Business Lending with Loan Intelligence Systems,” introducing the Loan Intelligence System (LIS), a new category of AI-powered software that works alongside the LOS to intelligently intake leads, streamline the loan evaluation process, reduce time-to-decision, improve data quality, and maximize conversions.

Access to capital remains a significant barrier for a majority of America’s small businesses (SMB), despite their vital role in the national economy. Most SMB loan requests are under $500K, yet lenders struggle to convert them efficiently and achieve profitability. “Supercharging Small Business Lending with Loan Intelligence Systems” addresses this challenge and shares in-depth insights into how LIS:

• Enables intelligent intake of leads to enhance the pre-underwriting process, replacing binary approve-or-deny outcomes with dynamic, multi-dimensional lending strategies that empower smarter choices.
• Redefines the loan lifecycle, driving automated efficiency and maximizing revenue optimization.
• Transforms the traditional loan process into a transparent, seamless experience for applicants and a scalable, high-performance program for lenders.
• Combines high-tech efficiency with high-touch service, cultivating stickier long-term customer relationships.

“A Loan Intelligence System has become a strategic imperative for banks and credit unions to thrive and remain competitive in today’s small business lending market,” said Alex McLeod, CEO of Parlay. “By adopting LIS, lenders can streamline operations, reduce abandonment rates, and harness data-driven insights to unlock massive revenue potential.”

Jay Long, Parlay COO and co-founder, added, “Small business lending presents a pivotal growth opportunity for community banks and credit unions today. However, time-intensive manual processes and incomplete data often result in missed opportunities or applicants being matched with the wrong product pipeline. Here lies the value of LIS – these systems dynamically analyze applicant data to align businesses with the right loan products based on their unique needs, allowing institutions to scale personalized service and meet the demands of today’s competitive lending environment."

The white paper underscores the transformative impact of LIS in addressing long-standing inefficiencies in small business lending. By leveraging AI-powered insights, lenders can empower smarter decisions, enhance customer experiences, and unlock new growth opportunities.

Download “Supercharging Small Business Lending with Loan Intelligence Systems” here.

About Parlay Finance

Parlay Finance is a SaaS-based Loan Intelligence System (LIS) for credit unions and community banks issuing SBA and small business loans. Its AI-powered application suite integrates seamlessly with Loan Origination Systems, improving loan volume, operational efficiency, and profitability. For more information, visit www.parlay.finance.