Holtmeyer & Monson

Stay up to Speed. Get our latest Newsletter!

Posted1/17/2025 12:27:24 PM

https://www.holtandmon.com/newsletter/

Regulatory updates. Hot Topics. Expert advice on SBA and USDA lending. Holtmeyer & Monson's newsletter will help you stay in the know and compliant.

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Holtmeyer & Monson

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USDA Business & Industry Loans - Update and Highlights

Posted4/5/2024 12:02:17 PM

https://www.holtandmon.com/newsletter/news-alerts.php

USDA Business & Industry Loans (B&I) are a viable alternative to the SBA 7(a) program with loans up to $25,000,000 and an 80% guarantee (much larger loan limit than SBA 7(a)). The guarantee fee is 3% of the guaranteed amount. See our News Alert for more information and let us know if we can help your institution get started or expand your footprint in USDA lending.

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Holtmeyer & Monson

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Holtmeyer & Monson Achieves SOC 2 Type II Certification by AICPA

Posted2/1/2024 12:24:30 PM

Holtmeyer & Monson, an SBA and USDA lender service provider, has achieved the top industry attestation from the AICPA for the security and compliance of its services. Please see press release for details.

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Holtmeyer & Monson (H&M) is a Small Business Administration (SBA) lender service provider based in Memphis, TN. H&M provides community banks a full complement of services ranging from SBA loan packaging and closing, to securitization and sale, through portfolio management. Most importantly, H&M helps banks add significant non-interest fee income via the sale of SBA guarantees in the secondary market.

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PSP Preferred Product

ICBA Member Advantages

A 10% discount on lender fees

Additional income from the sale of the SBA guaranteed portion of loans to the secondary market

Program Features

Full Service SBA Lending Consulting & Compliance Expertise - H&M will provide a complimentary initial consultation to determine eligibility and program structure. Upon completion of this initial analysis, a loan application package is completed using conforming software to assure compliance to SBA program guidelines. H&M will submit the completed loan application to the SBA for approval and guarantee issuance and provide loan closing services with detailed documentation instructions. H&M will provide SBA loan portfolio management including payment processing and remittance, required reporting, and detailed monthly activity reconciliation and reporting.

Securitization and Sale of SBA Loan Guarantee - The SBA guarantee generated from the loan transaction may be securitized and sold, generating significant non-interest fee income for the bank at no net cost.