1-800-923-2504
Loan Servicing
SBA loans provide an opportunity for you to still meet small business customers’ needs who fall outside your credit box needs, allowing you to grow your portfolio. By choosing an established loan servicing company like Prudent Lenders, you’ll have access to our team of 200+ SBA experts dedicated to providing you with excellent customer service. We’re here as a resource to guide you and your team through each step of the SBA loan process.
When it comes to loan servicing, let us do the heavy lifting. Our team of SBA lending experts is dedicated to excellent customer service and to maintaining the highest level of SBA standards throughout the loan servicing process and beyond. As your partner in SBA lending, you’ll be able to retain a modest staff and avoid the fixed costs and ramp-up period generally required when setting up an in-house SBA department.
File Review
Track Collateral
Due Diligence
Portfolio Management
Annual Loan Review
Fully-Funded Loan Modifications
- Insurance
- Taxes
- Payments
- Financials
Modifications and Documentation
Before performing a modification, our team will request current documentation. This varies depending on the loan modification being requested.
Prepare Write-up
- The loan’s current status
- Cash flow
What’s next?
Modifications are here to help alleviate your borrower’s short term pain points. As your loan servicing company, if a modification doesn’t work, or there are adverse changes such as a business closing, our team is here to help. With top SBA experts on your side, you’ll be well prepared to offer SBA loan programs and grow your client base. Get in touch with us today, and learn how Prudent Lenders will guide you and your team through the next steps of the SBA loan process.
1-800-923-2504