Business Lenders, a leading originator of SBA loans, provides third-party specialized loan servicing for SBA 7(a) and 504 loans.

Why Outsource Loan Servicing?

Banks expanding their SBA loan portfolios can focus on credit related processing while reducing the cost and administrative burden of loan servicing.

Investors can seize opportunities to purchase discounted SBA portfolios and hand-off servicing to a licensed SBA servicer with specialized expertise.

New SBA lenders entering the market with limited expertise in SBA loan servicing can rely on an expert resource to function as their servicing arm.

Why Business Lenders?

• We've been servicing SBA loan since our inception 1993
• Hands on experience and specialized knowledge of the SBA SOP
• Experienced team of professionals
• State of the art IT infrastructure enabling us to deliver a "paperless" electronic loan file with digital storage and retrieval of loan, property and other related documents

Our Loan Servicing Solution Includes:

• Invoicing and payment processing
• Monthly 1502 reporting to the SBA
• UCC and insurance monitoring
• Real estate tax monitoring
• Collecting required financial statements
• Customer service activities
• Payoff Processing
• Collection
• Loan modification and workout
• Liquidating collateral
• Wrap ups and SBA reporting
• Regular management reporting
• Executing secondary market loan sales including processing form 1086

Benefits of Outsourcing SBA Loan servicing:

• Increase operating efficiency and servicing capacity
• Service more loans without hiring staff
• Reduce the cost of servicing information technology and infrastructure investments
• Improve information access to enhance decision-making and risk management with access to in-depth expertise in critical exposure functions (guarantees, insurance, taxes)
• Effectively manage regulatory compliance data security, and business continuity activities