FAIRFAX, Va., June 23, 2022 (GLOBE NEWSWIRE) — Tellenger Inc., a subsidiary of WaveDancer, Inc., ( WAVD) announced today that, in collaboration with their teaming partners, they have successfully completed a major release related to their U.S. Small Business Administration (SBA) 7(a) Loan Program and Secondary Market project. Tellenger, a long-standing subcontractor of the SBA, was tasked with modernizing parts of the SBA loan program system to allow for easier maintenance and greater reliability.
The newly modernized system will allow the program to better perform loan servicing, technology modernization, and financial services for SBA’s loan programs, which have grown to over 7,500 lenders and nearly one trillion in assets.
The multi-year award aims to bring significant…
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