Welcome to banc-serv

banc-serv PARTNERS continues to Grow!!!!

  • Total Loans for FY 2009 over 245 Gross Loans.
  • Total Dollars Lent by bank partners in FY 2009, Over $120 million.
  • banc-serv currently services over $330 million in SBA and USDA loans for bank partners
  • banc-serv currently services over 100 bank partners throughout the United States

SBA Legislative Update:


Westfield, IN
July 20, 2010

banc-serv PARTNERS has been keeping up to date on legislation in Washington D.C. that directly effects the industry of SBA lending and our financial partners.  We are releasing this document to keep you as up to date as possible regarding pending legislation.  Please read below our latest knowledge regarding SBA related legislation. 

Bills of Interest:

H.R. 4213 Tax Extenders Bill

Based off of our most recent communications with Industry insiders and legislative offices, all associated SBA amendments have been removed from H.R. 4213.  All of these amendments and intended wording have been moved to H.R. 5297.

H.R. 5297 Small Business Lending Fund

Amendments have been attached to this bill regarding the SBA in the following three areas:

1. Extension of the 90% guarantee.
2. Extension of the guarantee fee waiver
3. Temporary Increase the SBA lending limit from 2mm to 5mm.

The above extensions and increases would be valid through Friday, December 31, 2010.

Timeframe (As expected in Washington):

The below timeline is a “best case” scenario as explained to banc-serv PARTNERS from legislative staff and industry insiders.

Initial Approval by Senate:          Week of July 19, 2010

Bill goes into committee:                                 2 weeks

Bill emerges from committee:

Vote in Senate and House(Best Case): August 5-6, 2010 

If approved:

President to sign:                                       August 9-11

OIG release of money to SBA:                  August 13-16

SBA to review and approve loan queue:     August 20-23

Closing of loan:   End of August/Beginning of September