May 6, 2010

Loan Accounting Software Provides Link to Online Exchange for seamless client loan sales

Brea, CA and New York, NY - - May 5, 2010 - - PCFS 2000, the leading provider of loan management software for Small Business Administration (SBA) lenders and BoeFly, the premier online marketplace that connects all stakeholders along the deal continuum -- from loan origination to sales, announced a product integration to improve efficiency and service for the companies' mutual clients.

Banks that utilize PCFS 2000's Loan Manager for loan servicing can now sell loans on BoeFly in just clicks. BoeFly, which launched on March 17, 2010 after extensive beta testing, serves more than 300 banks seeking to originate new business loans and achieve liquidity by selling small business loans. "We are consistently enhancing Loan Manager and our other products to deliver the best solutions for our clients as evidenced by our integration with BoeFly," said Scott Mortland, Partner with PCFS 2000. "This integration with BoeFly will allow PCFS clients to sell loans on BoeFly's open auction secondary market exchange. And, our clients will be able to access loan settlement tools and calculators, easier than ever before." "We are thrilled that BoeFly clients who rely on PCFS 2000 can now sell their loans on BoeFly without ever leaving their loan servicing and accounting system," said Robert Tannenhauser, CEO of BoeFly. "PCFS 2000 has been offering best-of-class products to banks and credit unions since the company was founded in 1986. We're confident that this integration delivers real efficiency for our clients who depend on Loan Manager for their servicing needs." PCFS and BoeFly will be holding an exclusive webinar for their clients on May 19th at 2:00 pm ET to unveil the integration.

About BoeFly

BoeFly is the only online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, including all loan origination and sales. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For small business lenders, BoeFly also provides the ability to sell the government-guaranteed portion of their loans on the secondary market to investors and Small Business Administration (SBA) loan pool assemblers, freeing up liquidity for even more small business lending.

Key to the success of BoeFly is the site's dynamic compatibility technology which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers access to service providers in a wide variety professions from appraisers, to closing attorneys to environmental consultants.

BoeFly was founded by small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. www.boefly.com.

About PCFS 2000

PCFS 2000 provides the finest software products designed specifically for SBA lenders by addressing all of the unique needs of this specialized industry. Our "Prospect to Payoff" solution includes SBA Loan Manager, a complete SBA loan accounting and reporting system (including 1502), and complemented by SBA Form Wrx, a robust system for packaging and underwriting SBA loans. www.pcfs2000.com.