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Biz2Credit partners with banc-serv to automate SBA loan application process
NEW YORK, NY (March 20, 2014) – banc-serv today announced its partnership with Biz2Credit, the #1 online resource for small businesses finance.
A leader in arranging small business funding for tens of thousands of companies across the nation, Biz2Credit has already arranged funding of more than one billion dollars since 2007. With patented technology and a unique platform, Biz2Credit is able to match borrowers to financial institutions based on mutual credit risk.
“With such an advantageous approach to funding distribution, banc-serv is thrilled about providing its financial partners with easily accessible tools to connect to an expanded network of pre-qualified borrowers that they have the potential to serve. This is just another step in banc-serv’s long-term vision of providing a complete SBA third party back office to its partners,” said Kerri Agee, President and CEO of banc-serv.
“Despite 12 plus years as a lender service provider, it is always our continued goal as a company to seek those tools, resources, and partnerships that give our financial partners every available tool for stability and success,” Agee added.
“Biz2Credit is eager to work with banc-serv since the partnership will grant borrowers access to focused community lenders who can deliver the necessary capital to drive the business growth in their local neighborhoods,” said Rohit Arora, CEO of Biz2Credit and one of the country’s leading experts in small business finance. “Month by month we’ve seen community banks increasing their lending to small business. This partnership will enhance those opportunities greatly. We are excited about the ability to support more lenders in growing their SBA portfolios.”
As two innovative leaders in their respective fields, and with combined resources and an extensive partner list from both sides, the continued collaboration of banc-serv and Biz2Credit should provide lenders and borrowers alike with a greater advantage towards success within the SBA. Both parties are eager to act on the call from the agency to drive more loans into underserved markets, through suspension of 7(a) guarantee programs for loans less than $150M, and the encouragement of 1,000 community lenders to make 10 or more SBA loans next year, up from the current 500-700 lenders who hit this target.
To kick-off the relationship, the parties have built this portal, http://loancenter.banc-serv.com, for banc-serv lender partners and their borrowers to easily access the Biz2Credit services to boost loan growth.
For any further inquiries regarding the partnership or to see how your institution can further benefit, please contact banc-serv at contact@banc-serv.com. To find out more about Biz2Credit, visit www.biz2credit.com.
About banc-serv
banc-serv opened their doors 12 years ago as one of the first comprehensive Lender Service Providers in the industry. With a complete and dedicated staff of 40 in-house employees and sales representatives throughout the United States, banc-serv prides itself in being able to offer their lending partners a complete and experienced third-party back office for all of their SBA lending needs. banc-serv services include loan structuring and packaging, securing SBA approval, loan closing, secondary market management, loan compliance, ongoing servicing, and audits and liquidations. With a partner list of 185 financial institutions in 22 states, banc-serv has successfully helped their partners lend over 1 billion dollars to over 2,000 small businesses in communities across the United States.
About Biz2Credit
Founded in 2007, Biz2Credit has arranged more than $1 billion in small business funding throughout the U.S. and is widely recognized as the #1 online credit resource for startup loans, lines of credit, equipment loans, working capital and other funding options. Using the latest technology, Biz2Credit matches borrowers to financial institutions based on each company’s unique profile — completed in less than four minutes — in a safe, efficient, price-transparent environment. Biz2Credit’s network consists of 1.6 million users, 1,200+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Visit www.biz2credit.com, follow on Twitter @Biz2Credit, and Facebook at www.facebook.com/biz2credit.