New York, NY -- (SBWIRE) -- 06/18/2010 -- Cypress Software Systems LP announced today that it has partnered with Biz2Credit LLC in a referral agreement that will help bolster the number of financial institutions in Biz2Credit’s small business lending network, while expanding the client base for Cypress’ BizMark small business lending software.

“Biz2Credit provides an excellent service to small businesses, and we wanted to partner with them to further enhance that service, while providing an attractive opportunity for lenders to consider our BizMark loan software”

The agreement also will aid Cypress’ current BizMark users by providing pre-qualified loan applicants to those institutions that participate in Biz2Credit’s program.

Biz2Credit and its website www.Biz2Credit.com help level the playing field for small businesses by connecting entrepreneurs with financial institutions, thus helping those smaller companies obtain financing and compete with big business. In addition to its matching service, Biz2Credit offers expert advice, financial calculators and other tools to help small businesses thrive.

“Biz2Credit provides an excellent service to small businesses, and we wanted to partner with them to further enhance that service, while providing an attractive opportunity for lenders to consider our BizMark loan software,” said Steven Croft, senior vice president at Cypress Software Systems.

Cypress provides an array of software and services that help financial institutions automate their loan application, underwriting and decisioning processes. Those tools help institutions enhance risk management efforts, ensure regulatory compliance and decrease costs through higher lending efficiency and quality.

“Cypress is a market leader in small business lending platforms, and this partnership is a win-win deal that will help our company expand the number of institutions in our network, while supporting Cypress’ BizMark growth efforts,” said Rohit Arora, co-founder of New York-based Biz2Credit.

Cypress’ BizMark software processes small business loan applications, enabling lenders to efficiently handle small business commercial credit requests for lines of credit, term loans, corporate leases and corporate credit cards. The software gathers principal and financial statement data; retrieves and interprets consumer and business credit reports; performs ratio analysis; and scores the results.

About Biz2Credit
Founded in 2006, Biz2Credit (www.biz2credit.com), is an online small business marketplace that creates access to a competitive environment of service providers and lenders to empower the entrepreneur. The online platform matches entrepreneurs with credit solutions based on their business profile and preferences in a safe and price transparent environment. We have a patented technology which is used by over 100 major banks in the US, credit rating agencies like Dun & Bradstreet, as well as major SMB service providers like Dell. Biz2Credit was ranked among 100 top emerging companies in the US by KPMG and Stanford University in 2008 as well as the No. 1 financing resource by Entrepreneur magazine in the fall of 2009. With over $300 million in funding and over 25,000 SMB users in the US, we are the market leaders in this space.

About Cypress Software Systems
Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company’s flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress’ BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company’s product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $250 million or less.