MLB Solution

Heartland Business Services Member Business Lending

Heartland Business Services’ member business lending solution allows your credit union to quickly, economically and safely offer a full line of business loans to your existing and potential members.

These services include billing, collection, loan monitoring and following for financial statements, covenant compliance and insurance.

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Here is how HBS’s solution works:

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We Services The Loans,

But All Assets Remain Yours

HBS services the loans as if the loans were Heartland’s, but all loans serviced by Heartland Business Services remain assets of the credit union. HBS simply provides its services based on a predetermined fee structure. All interest earned on the loans are earnings of the credit union. All loan advances are funded by the credit union. On a monthly basis, Heartland Business Services reconciles all loan payments it receives with the credit union.

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You Market Your Business Loan Products

& HBS Takes Over From There

Credit unions are responsible for marketing their business loan products and business loan development. After identifying a possible business loan, the credit union gathers the required information and sends the proposal to Heartland Business Services. HBS takes over from there and pre-qualifies, underwrites and gives the credit union a recommendation on the loan. When the credit union approves the loan, HBS emails the credit union a complete set of business loan documentation to close and fund the loan. Heartland Business Services then maintains and services the loan on behalf of the credit union. These services include billing, collection, loan monitoring and following for financial statements, covenant compliance and insurance.

Credit Union HBS
Loan Program Marketing
Loan Origination
Credit Pre-qualification
Credit Underwriting
Loan Documentation
Loan Closing
Loan Funding
Boarding of Loan
Payment Billing / Posting
Loan Participations
Training of Credit Union Staff

We can help your credit union

Heartland Business Services can assist you to better meet the needs of your members and community by providing member business lending products.

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