Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance, and smart data analytics, announced that CAP Services, Inc., a nonprofit offering small business assistance and financial support to low-income individuals, has selected Baker Hill NextGen® Statement Spreading to provide underwriters and credit analysts the reporting options they need to make sound credit decisions.

Wisconsin-based CAP Services is a private, nonprofit corporation, offering more than two dozen programs throughout Marquette, Outagamie, Portage, Waupaca and Waushara counties to help low-income individuals become economically and emotionally self-sufficient. As part of its programs, CAP provides technical assistance at no charge to low-income individuals starting a business or to businesses committed to creating jobs for low-income individuals. CAP’s business development coordinators help individuals develop their business plan and assemble a financing package, which can include gap financing from CAP and its lending arm, Community Assets for People. Since 1997, CAP has helped more than 300 businesses start or expand, resulting in nearly 600 living-wage jobs.

To support this growing program, CAP Services needed a solution that allowed them to gain greater insight into its commercial lending underwriting process. After reviewing several providers, the nonprofit selected Baker Hill NextGen® Statement Spreading, which will enable CAP to improve the quality and consistency of its financial analysis. A core component of the Baker Hill NextGen® platform, its statement spreading solution facilitates reporting, data collection, global cash flow, covenants, a comprehensive credit memorandum and more – all in one central location.

“At CAP Services, our mission is to transform people and communities and advance social and economic justice,” said Laura West, Vice President of Business Development for CAP Services. “A large part of doing so means helping individuals create businesses and jobs within their communities. In turn, local economies thrive and individuals improve the quality of their lives.”

West continued, “We were looking to partner with a company with a deep understanding of financial services, which led us to Baker Hill. The company’s over 30 years of experience and its superior technology makes them an ideal partner for us. We’re excited to work with them and look forward to expanding our program.”

“Having the right technology to manage risk is critical for financial institutions, including to remain competitive,” said John M. Deignan, President and CEO of Baker Hill. “Because CAP Services, like other Community Development Financial Institutions (CDFIs), works with people with unique needs and requirements, it needed a unique solution. With Baker Hill NextGen^® Statement Spreading, the nonprofit and its CDFI will be more nimble and proactive to make decisions and processes easy for individuals. As a result, CAP will decision loans quicker and help its communities start new businesses faster. We’re pleased to help support their mission.”