Our unique lending process makes it easy for you to offer SBA loan programs to your small business customers. As your lender service provider, we offer comprehensive care throughout the loan closing process– the final step in the SBA loan process journey. Our team of top SBA lending experts will take on everything from loan closing searching and filings to contact with attorneys.
Kick Off Call
Due Diligence, Equity Substantiation, and Loan Document Drafting
Our team of SBA lending experts makes it easy for you by completing the pre-closing searches and filings. We also coordinate the collection of due diligence items and work with you to collect, analyze, and approve all necessary documents when equity is involved.
Once you have provided the final signature on a loan’s credit memo, our team will submit the loan to the SBA for approval. Once a loan is approved by the SBA, our legal team coordinates the closing and funding and is here to provide legal support until the loan is fully disbursed.
If you must make any amendments to your loans, out team of lending experts will guide you through the process.
Secondary Market Requirements
When you partner with Prudent Lenders, we ensure each loan is booked in accordance with secondary market requirements. Prudent Lenders also provides guidance during negotiations with secondary market participants. Not only that, but we will package the loan for sale, and develop procedures for compliance with your reporting requirements through SBA Form 1502.
Our team oversees the completion of post-closing exceptions such as post-closing searches, title policies and collateral items. Unlock the benefits of an LSP partnership with Prudent Lenders and start closing SBA loans today. Contact us and learn more!