SAFE-BIDCO’s thirty year history of providing small business loans/loan guarantees has created a unique set of talents we can put to use to help lenders handle their loan servicing issues.
We are able, as a fee-based service, to efficiently and competently perform all tasks related to loan servicing. SAFE-BIDCO’s loan servicing includes:
- Document recording
- Covenant & insurance tracking
- Loan servicing actions, i.e. billing and payment collection
- Loan disbursement histories
- Coordinating collection and liquidation efforts
- Maintaining segregated depository accounts for multi-fund programs
- Monitoring use of loan program proceeds
- Reporting on loan data as required under program guidelines
- Mentoring services
At SAFE-BIDCO, we’re dedicated to helping California’s small businesses and the communities they serve grow and prosper and we can help other lenders to do the same.