Extensias consultative services are designed to help credit unions interested in beginning an in-house commercial lending program understand best practices and potential risks. Extensia also helps credit unions with established commercial real estate lending programs analyze their risk, make necessary adjustments to underwriting practices and handle complex note sales. Extensia offers this service alongside its annual loan review consultative services and its comprehensive commercial real estate lending program, which can handle credit union commercial lending from funding to servicing. As the industry is adjusting to the upcoming changes to the NCUAs MBL guidance taking effect in January 2017, Extensia serves as a resource to credit unions interested in diversifying their loan portfolios through commercial lending programs. Our comprehensive consultative services are an educational program designed to help credit unions build a sustainable commercial lending program that fully supports their strategy and roadmap, said Pam Easley, CEO of Extensia Financial. We also work extensively with credit unions that have established programs to develop more sophisticated risk-management procedures, such as updating underwriting practices for the highest quality loans. About Extensia Financial Northridge, Calif.-based Extensia Financial is the nations largest Credit Union Service Organization dedicated to commercial real estate lending and advisory services, with specific emphasis in commercial and business lending. The company partners with credit unions to diversify their lending portfolios, through business loan participations, connecting credit unions with their communities, business owners and investors through commercial real estate financing programs, small business loans and risk consulting services. Extensia provides credit unions with a complete, end-to-end commercial lending service, including identifying lending opportunities, origination, underwriting and servicing. Extensia has experience in managing over $900 million in commercial real estate and small business loans. For more information, please visit extensiafinancial.com .
Disadvantages of a medium to longer term loan Taking out a business loan over a longer period may mean that your payments are lower than if you’d opted for a shorter term loan, but remember that ultimately this means you will pay more interest overall. Any problem I have ever had has been resolved by friendly and knowledgeable staff. We at Esserman Tire can’t tell you how much we appreciate our locally-owned bank. Serving more than 700 industries throughout the country, OnDeck has been trusted by over 50,000 small businesses by providing them with a term loan or line of credit to help them build a growing and thriving enterprise. Whether your business has just started, or is well established, we have a financing solution for you. Thank you The Farmers Bank for serving our family and our business for over 50 years! Factor rates can make short-term loans appear less expensive than a traditional interest rate would. 2 These loans require you to repay a fixed amount of interest, so paying off early won't save you any money. This report includes information on the 77 institutions that continued to participate in the program as of June 30, 2016 and submitted quarterly supplemental reports for the 2nd quarter, including 31 community banks and 46 CDLFs. The author is a Forbes contributor.
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