Skip to main content

Tellenger Announces Successful Completion of First SBA Loan Program Release 

Written by Customer Service on . Posted in Public Companies.

Significant milestone is part of a multi-year award that the team is delivering against

FAIRFAX, Va., June 23, 2022 (GLOBE NEWSWIRE) — Tellenger Inc., a subsidiary of WaveDancer, Inc., (NASDAQ: 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 modernization to further enhance the critical loan program. The contracting team has worked with the SBA to develop a technology roadmap that includes multiple phases of work. Tellenger’s staff includes a proven lineup of dedicated system migration specialists and analysts.

“We were critical in helping the modernization team achieve this significant milestone for the largest SBA loan program. We look forward to continuing to support the SBA in their modernization efforts over the coming years,” stated Tellenger’s President, Stan Reese.

Tellenger’s extensive experience in modernizing and migrating legacy systems that utilize COBOL and ColdFusion technology, along with its past success in complex enhancements of SBA legacy systems, will add valuable, technical expertise to the ongoing support of the new platform.

About Tellenger

Tellenger (www.tellenger.com), a wholly owned subsidiary of WaveDancer, Inc., is a boutique IT consulting and software development company that helps organizations meet their business goals through technology. Tellenger specializes in modernization, software development, cybersecurity, cloud solutions, and data analytics. From business process re-engineering to cloud migrations to SaaS implementations and more, Tellenger uses technology to help clients in the private and public sectors increase productivity, gain efficiencies, and achieve KPIs.

About WaveDancer

WaveDancer (www.wavedancer.com), headquartered in Fairfax, Virginia, offers zero trust blockchain-enabled software solutions for supply chain security. Our technologies are deployed and being used to help organizations manage very complex supply chain challenges. Customers are using the WaveDancer platform to gain unprecedented levels of accountability, auditability, and predictability from their data, while giving insights to their partners and suppliers through a controlled, distributed ledger that is immutable and can be trusted by all parties.

Additional information for investors

This release may contain forward-looking statements regarding the Company’s business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company’s 10-K for the fiscal year ended December 31, 2021 and in other filings with the Securities and Exchange Commission.

For additional information contact:
Jeremy Hellman, CFA
Vice President
The Equity Group
(212) 836-9626
jhellman@equityny.com 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.