SBA Loan Servicing
Because accuracy and efficiency affect your guaranty and your bottom line.
How confidant are you in your SBA loan servicing & reporting procedures?
Watch our short video to learn why accurate and timely reporting of your SBA loans ensures compliance and mitigates risk.
Staying compliant and securing your SBA loan guaranty.
SBA loan compliance requires monthly loan reporting - with time and accuracy being of utmost importance. We’ve been hired to help financial institutions sort through regulatory issues AFTER finding out their internal processes were not in compliance. Fixing the problem is harder than doing it right from the beginning, which is why we encourage institutions to outsource this part of the process. Outsourcing this piece of the SBA loan process reduces error and increases productivity. You’re not only risking time and resources, you’re risking your SBA loan guaranty.
Total SBA can help create a tailored approach to handling your SBA reporting requirements with Guidehouse.
Payment processing
Remittance and trial balance reporting
Delinquency reporting
Servicing actions
Loan modifications
Loan deferments
Forbearance
Loan guaranty assurance checklist
Compliance monitoring
1502 reporting and reconciliation with Guidehouse
Loan sales
Loan liquidation; completion of the 10-TAB
Don’t risk your guaranty; leave SBA servicing to the experts.
Total SBA services small business loans on behalf of financial institutions in accordance with standards set forth by the SOP and the lender’s internal policies. Total SBA has the tools, team, and a cost-effective platform to service your loans with efficiency. With a quick call, we can determine your needs a design a customized strategy for your institution.
Expert Services
SBA 7(a), 504, and USDA loan program support and SBA compliant services.
SBA Loan Servicing & Operations
Servicing small business loans requires expertise and knowledge of current SBA SOP requirements. There are many intricacies of SBA loan servicing that simply need an expert eye to ensure compliance. Total SBA supports financial institutions in properly servicing their SBA loans in order to ensure guaranty protection and to ensure that you stay in compliance with bank regulators. If you’re servicing your small business loans in-house, you may be creating risk for your institution - which can jeopardize a lot more than time and money. If you’re unsure of the current regulations, reach out and allow us to properly assess your operating procedures. That’s what we do!
"The highly technical nature of SBA lending had previously caused our lender to shy away from pursuing potentially good business."
"Teaming up with Total SBA has removed these hurdles."
"The highly technical nature of SBA lending had previously caused our lender to shy away from pursuing potentially good business." "Teaming up with Total SBA has removed these hurdles."
"Our lenders now have support from an expert staff from whom they can bounce ideas off."
"We couldn't be more pleased with our decision to partner with Total SBA."
"Our lenders now have support from an expert staff from whom they can bounce ideas off." "We couldn't be more pleased with our decision to partner with Total SBA."
