The Loan Process and Cooperative Business Services

Loan Application

Complete online or download and fax to 513-677-6789

 

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  • Member has interest in a business loan
  • Cooperative Business Services will train and educate the credit union staff to enable them to assist the member through the business loan process. Cooperative Business Services will provide loan applications and checklists of all documentation necessary for a complete analysis.
  • Member's financial information is provided to Cooperative Business Services.
  • Cooperative Business Services performs financial analysis and pricing
  • Cooperative Business Services experienced and talented staff will underwrite the deal.
  • Cooperative Business Services makes recommendation on pricing and structure of the loan request
  • Cooperative Business Services works closely with the credit union and borrower.
  • Credit Union approves Cooperative Business Services underwriting analysis and pricing
  • Cooperative Business Services prepares all loan documents using an extensive loan documentation program; keeping the credit union in compliance.
  • A Cooperative Business Services representative meets with the borrower to present the loan and obtain a signed commitment letter.
  • Loan is closed and funded to the credit union's satisfaction
  • Cooperative Business Services works with other member credit unions to obtain the necessary funds; reducing the exposure risk of the originating credit union.
  • Cooperative Business Services provides complete servicing of the loan including, preparing monthly statements for borrower, receiving monthly payments, posting monthly payments, remitting the credit unions portion of the monthly payment, and insuring that the loan is in complete compliance with all agreements and filings.
  • Cooperative Business Services provides the originating credit union a complete copy of the loan file to meet state examination requirements.