Services Offered by SBC
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SBC Lending offers a variety of loan programs to cater to your business needs. Business Loans are essential to growing your business. Whether it is a brand new business in need of some financing or an existing business looking to expand, a business loan will help you get to the next level. Our professionals are trained in assessing your needs, and with our 5 step process, we ensure our clients the recipe for success.
The 5 Steps include:
The first meeting with one of our specialists takes place, either in person or over the phone. Our goal is to understand your business thoroughly so that we may be able to give you sound advice. Typically, we begin the process with a short interview. By asking you simple questions we begin to understand you, your business and what you would like to achieve from our meeting.
2. Assessment of Eligibility:
This stage allows us to figure out through discussion and analysis how we may be able to achieve your goals. If you are requesting a loan, one of our underwriters will be assigned to your file to begin the qualification process. The loan officer will be assessing the request and advising you on the next step. This may include the gathering of financial statements for analysis. In this stage identify the appropriate lender.
The third stage in the loan packaging process ensures we gather all of the required documentation the lender will need to complete the process and underwrite the loan. Since different loans require different documents, and different lenders have different forms, our trained specialists ensure expedited packaging. In order to make the lenders job simple, we do our best to ensure the lender has a complete package. This not only allows the lender to work faster during processing, but also gives the borrower peace of mind that a complete package has been submitted.
Once a loan package is complete, and a lender has been determined, the package is sent to the lender’s processing department. At this stage, the lender will assign an underwriter to the loan in order to ensure the documents provided have met the lender’s underwriting criteria. It is also at this stage that a formal approval is made by the lender. Once a formal approval has been made and all parties have signed the approval letter, it will enter in to the final stage.
The last stage in the 5 step process, funding usually takes place shortly after an approval has been signed and delivered back to the lender.