cuBIZloan

Expand your credit union’s loan opportunities through cuBIZloan, a partnership between CrossState Solutions and Biz Lending & Insurance Center, Inc.   cuBizLoan has a strong network of New Jersey and Pennsylvania credit unions working together to drive member business loan opportunities and promote growth. 

MEMBER BUSINESS LOAN PRODUCTS

  • Commercial Real Estate/Multi-Family/Industrial Real Estate
  • Refinance/Acquisitions/Improvements
  • Equipment
  • Commercial Vehicles
  • Working Capital
  • Merchant Cash Advance
  • SBA and USDA guaranteed programs
  • Commercial Green Loans (coming soon)

BUSINESS LENDING SOLUTIONS

A solution for small to mid-size credit unions that do not have an MBL department to offer business and commercial loans on a referral basis. cuBIZloan provides a structured method for credit unions to refer loan requests to lead lenders and generate non-interest income. No expertise required.

  • cuBIZloan provides the RCU a co-branded online business loan request form to process referrals to cuBIZloan.com.
  • The system will pre-screen the referral and a Loan Specialist will source it to a lending partner.
  • cuBIZloan will serve as a line of support to manage inbound calls and function as a Business Relationship Manager.
  • RCU pays cuBIZloan a low one-time implementation fee and there are no monthly fees. RCU will receive a success fee on funded referrals.

Lead lenders will be underwriting, funding, and servicing loan opportunities generated from the network. cuBIZloan pre-screens borrowers to determine if they meet the LCU policy, procedures, and guidelines. An LCU can also refer loans they do not want to portfolio to the network.

  • cuBIZloan facilitates the process for obtaining business and commercial loan opportunities for LCU.
  • cuBIZloan receives loan requests for screening and initial preview with potential lender(s). If accepted, the borrower will then fill out the LCU loan application for underwriting and potential funding.
  • cuBIZloan assists with follow up communication and closing as needed. LCU pays cuBIZloan a one-time success fee payment of the total amount funded, or credit line granted.

cuBIZloan credit union partners always get first option on participation opportunities generated from the network.

  • cuBIZloan is the liaison and service provider for PCU to facilitate the process for buying or selling a participation interest in member business/commercial loans.
  • PCU may also request assistance in credit evaluations, business loan underwriting, processing, and servicing and loan participation brokerage services.
  • Participation fees are priced per offer.

To learn more about the cuBIZloan program, complete the “Get in Touch” form.

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