NEWS & INSIGHTS

The SPARK Library

Stay informed with relevant knowledge. Explore articles, whitepapers,
news, and more from our industry thought leaders.
FEATURED INSIGHTS

The Latest from SPARK

Check out our latest resources for a peek at what’s trending in lending.

You Won’t Find a Better SBA Lending Platform

At SPARK, we’re obsessed with SBA. We’ve seen its inner workings. We’ve built a product centered around it. We understand the positive impact SBA lending can have on our communities, particularly in challenging times.  That’s why we challenge anyone to find a platform better suited to SBA than SP...

The True Cost of Digital Resistance? Opportunity

There’s a cost to everything. Sometimes, we’re willing to pay more for a greater reward. Other times, we don’t see the hidden costs until it’s too late.  As an inherently risk-averse industry, banking has held out on digital transformation far longer than other sectors. The potential costs a...

The Benefits of a Nimbler Lending Partner

Adaptability isn’t something we take for granted anymore, especially after the pandemic. Companies were made or broken based on their ability to quickly scale and conduct business digitally. Lending was one of the most impacted industries — not only because of the millions of business loans it st...

Lending in a Post-COVID World

Life is a little different now than it was just two years ago. Perhaps you do more shopping online or you have to wear a mask when you go to the doctor.  Lending has changed too. But was it for the better? And if we continue down a more digital path, can regulators even keep…

Build Loyalty with Personalized Lending

Banking has really changed its tune in the last few decades. The sector previously sparked images of cold, impersonal experiences that were clunky and intimidating (remember the bank scene in Mary Poppins?). Today, bank ads feature diverse people, imagery from everyday life, and even celebrity en...

Most Lovable Product (MLP) is the New MVP

If you’re a sports fan, you’ve probably heard the term “most valuable player” or “MVP” before. In software development, MVP stands for “minimum viable product,” signifying a version of a product with just enough features for early customers to test it out and provide feedback for future developme...

This Year, Budget for Innovation

Budgeting is typically the same in every industry. It runs on a 12-month cycle and begins to take shape around Q3. By Q4, budgets are finalized, and in the first half of the year, everyone executes, making small adjustments along the way.  Banks generally follow the same model with an emphas...

Inclusive Lending: Better for Banks, Better for All

For too long, discrimination, unequal access, disinvestment, gentrification, and other types of market failures have led to banking and credit deserts in underserved, urban, and rural communities. Mainstream players in a scale-oriented financial industry have traditionally overlooked low income c...

4 Industry Changes to Look for in the Coming Years

The past two years have been a whirlwind for the lending industry. 2020 gave us overworked systems caused by droves of PPP applications, while 2021 was filled with forgiveness applications to process while managing a “new normal” of remote work and digital transformation. But the change isn’t ove...

Insights

All Insights

Keeping you in the know with the latest articles, research, and industry news.

You Won’t Find a Better SBA Lending Platform

At SPARK, we’re obsessed with SBA. We’ve seen its inner workings. We’ve built a product centered around it. We understand the positive impact SBA lending can have on our communities, particularly in challenging times.  That’s why we challenge anyone to find a platform better suited to SBA than SP...

When Rookies Become Rivals

In this report, we expose the reasons fintechs and non-banks are poised to succeed in the market, what threats they pose for traditional lenders, and how digital transformation not only ups your game, but keeps you in it.

Ignoring Underserved Markets Comes at a Cost

In this report, we take a look at the key challenges that underserved markets face, how technology plays a crucial role in correcting the disparity, and what banks stand to gain from mission-based and anti-discriminatory lending.

Lending Industry Changes to Look for in the Coming Years

As industries grow and change, there’s never a shortage of fads and gimmicks. But there are several movements occurring in the lending industry right now that we believe are not only innovative, but here to stay.

Thoughtful Automation

In this guide, we address the hang-ups that prevent teams from adopting lending technology by exploring the benefits of automation and how it’s designed to augment — not eliminate — jobs in the financial sphere.

Small Business Lending: Reimagined

In this guide, we explore what hassle-free SBA lending looks like, how you can achieve it, and why it matters for the future of the lending community.

Now Hiring

It’s not just restaurants and retailers. The hiring drought has affected financial services too, including banks, CDFIs, lender service providers, small business owners, recruiters, vendors, partners, and many more.

At the Crossroads of Digital Lending

Change often comes from necessity — and until now, some lenders have gotten by with old processes. But with market share, customer loyalty, and ROI now at risk, can any lender afford not to transform?

The Digital Imperative in a Post-COVID World

From increased competitive pressure to new client expectations, community banks now face an opportunity to better serve the SMB market.

The True Cost of Digital Resistance? Opportunity

There’s a cost to everything. Sometimes, we’re willing to pay more for a greater reward. Other times, we don’t see the hidden costs until it’s too late.  As an inherently risk-averse industry, banking has held out on digital transformation far longer than other sectors. The potential costs a...