Lenders Cooperative and Ventures Lending Technologies Complete Merger, Creating a Unified End-to-End Lending and Servicing Solution

MECHANICSBURG, Pa. & SAN DIEGO--(BUSINESS WIRE)--Lenders Cooperative has officially completed its merger with Ventures Lending Technologies, forming a single entity that delivers comprehensive commercial loan origination and loan servicing solutions. This integration strengthens Lenders Cooperative’s position as the premier provider of technology and professional services for financial institutions nationwide.

The combined capabilities will offer financial institutions, including banks, credit unions, Certified Development Companies (CDCs), Community Development Financial Institutions (CDFIs), and fintech lenders, a seamless lending experience from application to loan management.

“By bringing together these two industry-leading platforms, we will deliver a unique solution to the market allowing our clients the ability to scale small business and commercial lending products with an integrated loan servicing solution,” said Cary Cooper, CEO of Lenders Cooperative. “Financial institutions will now have access to a modernized, cost-effective platform that simplifies operations and enhances client experiences.”

Lenders Cooperative will continue to provide top-tier professional services, including credit analysis, loan closing, and servicing, to further support financial institutions in optimizing their lending processes.

“Combining Ventures Lending Technologies with Lenders Cooperative is a game-changer for the industry,” said Ellis Carr, President and CEO of CDC Small Business Finance and Capital Impact Partners. “This move allows us to scale impact lending across the financial sector while fostering innovation through new tools like AI-driven workflows, integrated payments, and expanded point-of-sale lending solutions.”

Previously part of the Momentus Capital family, Ventures Lending Technologies has been a trusted provider of SBA 504 and SBA 7a loan origination and servicing solutions for nearly two decades. Today, the platform supports over 250 lending institutions and played a critical role in processing 99.8% of SBA 504 loans in 2024, facilitating over $20 billion in projects. A recent Urban Institute study recognized Ventures for its exceptional performance, ranking it ahead of 24 competing platforms.

“This merger presents a tremendous opportunity for our clients and our team,” said Tom Brune, President of Ventures Lending Technologies. “With enhanced resources and expertise, we will have the opportunity to expedite the pace at which we deliver innovation across origination and servicing continuing to provide unmatched value to financial institutions nationwide.”

Lenders Cooperative has a proven track record in supporting large-scale lending initiatives, including its instrumental role in facilitating the origination and forgiveness of over $900 billion in pandemic relief loans and grants. With Ventures Lending Technologies now fully integrated, Lenders Cooperative will support more than 500 financial institutions, cementing their status as the leading provider of lending and servicing technology.

About Lenders Cooperative

Lenders Cooperative (LC) is a leading provider of integrated commercial lending platforms coupled with professional services across underwriting, closing and servicing operations working directly with financial institutions nationwide. Lenders Cooperative is headquartered in Mechanicsburg, PA, with offices across the United States, and is a wholly owned subsidiary of Summit Technology Group, now operating under its federal brand Allocore.

About Ventures Lending Technologies

Ventures Lending Technologies started as a software solution to streamline Small Business Administration (SBA) lending and has since evolved into a leading provider of innovative lending technology.

Initially focused on SBA loans, Ventures now supports a broad range of commercial loan types and has become a vital partner for Certified Development Companies (CDCs), Banks, Credit Unions, Lender Service Providers (LSP), Community Development Financial Institutions, and more. After launching a modern, cloud-based platform in 2016, VLT has continued to drive innovation, notably creating a PPP application during the pandemic that helped distribute over $6B.

Originally created by CDC Small Business Finance in 2000, VLT became part of the Momentus Capital branded family of organizations in 2021, expanding its capabilities and customer base. The Momentus Capital branded family of organizations also includes CDC Small Business Finance, Capital Impact Partners, and Momentus Securities.