SBA Repair and Denial
Have you received a repair or denial on your guaranty? Your bank may be a risk of having to reimburse SBA a large sum of money that has not been budgeted for. In addition, a repair of denial of your guaranty can have a negative effect on a your PARRiS score and could be detrimental to your PLP status.
LendServPro has been retained by lenders to review SBA’s recommendations before concurring to repairs or denials. Without experienced and knowledgeable assistance, your guaranty may be at risk. Our firm has been extremely successful in identifying potential repairs or denials prior to the submission of the guaranty packages and/or defending the guaranty when warranted. The Firm’s extensive experience allow us to properly provide a well-supported argument with documentation and evidence to defend and protect your guaranty.
LendServPro was brought into our bank due to a potential for a full denial of a large loan. Due to their enormous experience and their familiarity with SBA, they were able to overcome all of SBA’s objections, inquiries and findings resulting, in a full payment of our guarantee. Since then, their firm has continued to work with us for years. They have managed our SBA portfolio and collected on guarantees that the bank had determined were uncollectable.
We are very happy to recommend LendServPro as the number one Lender Service Provider.
Debra
SVP & Special Asset Manager
