Abstract: A system for and method of automation of evaluating, approving, and underwriting loans for a borrower requesting a loan from a lender at a vendor location. The system comprises a computer system having a database that further comprises vendor data, lender data, and at least one loan tier; a data communications network operatively in communications with the computer system; an input terminal; loan processing software operatively resident in the computer system for evaluating the borrower information and information from the one or more sources of financial information according to the approval criteria of at least one lender and approving or rejecting a borrower's request for a loan from the at least one lender; and an output device.