Government guaranteed lending can be a great tool for providing customers with the financing they need. These programs also present challenges many lending institutions may not be staffed to handle. With Ark-La-Tex Financial Consultants as the experts, your company can be instantly up to speed in the origination, processing and servicing of these highly profitable loan programs.
For Lenders our services include:
- Providing assistance in structuring the loan to meet all program requirements while allowing the lender to meet its internal requirements.
- Working directly with the business owner or farmer to organize, assemble and prepare a complete loan package for submission to the government agency. We prepare all forms for the borrower and lender.
- Acting as liaison with the agency underwriters and loan specialists, we expedite the project through the government process, reducing red tape.
- Assisting the lender and business owner throughout the closing process.
- Collateral inspections.
- Loan Status Reporting.
- Annual credit reviews in compliance with program requirements.
- Problem loan servicing, including liquidation plans, completion of loss claims and assistance with actual collateral liquidation.