SBA Charge Off or Wrap Up Reports

Once all liquidation efforts have been completed, your financial institution must request the SBA to charge-off the loan. LendServPro has submitted hundreds of Charge-off Tabs (Wrap-up Reports) on behalf of our lending clients. 

Charging -off a loan might look like an easy task, but in many cases if not completed correctly, it could threaten your guaranty. If a properly detailed narrative identifying the many different circumstances and intricacies that are unique to each loan, are not well defined, you run the risk of jeopardizing your guaranty.

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LendServPro is an expert in this field due to the high volume of charge-offs submitted to the SBA. We have the ability to mitigate any potential concerns to assure your guaranty is intact. Do not leave this last action to chance by having unqualified personnel submit your charge-offs.