Packaging Basic
Services:
- Support SBA 7(a), SBA 504 and USDA lending programs.
- Collect necessary information to populate appropriate SBA forms.
- Complete all SBA required compliance documentation for SBA approval and closing of the loan transaction.
Benefits:
- Reduce turnaround time due to bancserv's expertise and technology.
- Refocuses bank personnel to core tasks.
- Increase SBA lending capacity.
Process:
- Small business owner approaches bank branch inquiring about a loan. Bank loan officer provides initial consultation and collects qualification checklist items.
- Bank loan officer contacts bancserv to discuss potential deal structure and ships package of information.
- bancserv completes loan structure and eligibility opinion, then sends a packaging proposal and checklist of items needed to move forward.
- Lender contacts bancserv (and customer) with bank approval.
- bancserv completes all loan application documentation for SBA submission.
- bancserv works with all the SBA Processing Center offices for final approval.
- banc•serv completes all loan documentation for SBA/bank compliant closing.