Small Business Services for CUs
Policy development
MBFS works on-site with credit union management to develop a business loan policy that aligns with the credit union’s credit culture, strategic goals, and the NCUA regulatory guidance.
Training
MBFS conducts training to credit unions Board of Directors, senior management on a wide variety of topics through webinars and regional in-person training.
Business Loan Program Strategic Development
MBFS offers consulting engagements for credit unions on developing products, processes, procedures, sales strategies, and risk management strategies customized for the credit union.
SBA Loan Support
MBFS has developed an internal team to bring the disparate functions of SBA programs into one cohesive service model, including marketing, assistance with SBA eligibility review, processing, underwriting, closing, servicing, and post-closing loan review.
Our process incorporates three dynamics into the SBA process – Speed, Simplicity, and Peace of Mind. Our SBA Administrator works with the lender and borrower at every step of the process to ensure that the service you expect is delivered. Every time. We provide a smoother process for lenders and members as MBFS tracks each loan throughout the process, communication and updates are at your fingertips, so the credit union has better control of the loan all the way through, and the process is built with redundancies to protect your guarantee. Our SBA administrator is available during the pre-application stage to discuss eligibility and terms of the loan as well as SBA SOP compliance.
MBFS also helps to train lenders to identify SBA opportunities and use internal business development networks at origination. Once an opportunity is identified, our system streamlines management of the SBA loan program from loan processing through each subsequent phase in the life of each loan.
Would you like to learn how MBFS SBA can help you with your SBA program? Reach out to set up a call – SBAloan@mbfs.org
Lendovative Technologies:
Lendovative Technologies helps credit unions establish connections with their member
businesses, resulting in increased market share, loan and deposit growth, and reduced credit risk. Their flagship platform, BB-360™, offers an innovative solution for lenders to monitor collateral values while adhering to regulatory guidelines. Through Lendovative, credit unions can organize, automate, archive, and standardize collateral-dependent loans. Our mission is to empower businesses by supporting the institutions that serve them.
Tru Treasury:
Since its inception in 2020, Tru Treasury has been committed to equipping community financial institutions with the tools, knowledge, and products necessary to provide top-tier treasury solutions. By partnering with MBFS, renowned for its assistance to credit unions in acquiring, underwriting, processing, funding, and servicing business loans, the collaboration will provide an integrated set of commercial capabilities previously exclusive to larger financial institutions.