MBL/Commercial Loans

Biz Lending & Insurance Center, Inc. (BLIC) is all about helping your credit union find, review, support and close more quality commercial real estate and business loans. We have partnered with CrossState Credit Union Association to bring you cuBIZLoan.

 

We offer three distinct credit union programs:

Referral Credit Union (RCU)

Solution that allows credit unions to refer business loans to a Lead Lender Credit Union.

Why your credit union should become an RCU:

  • Generate non-interest income, based on the amount funded
  • No portfolio risks
  • Access to new deposits opportunities
  • Very low-cost entry fee

What your credit union will receive after becoming an RCU:

  • Commercial/Member Business Services Website – Credit union branded online presence that serves as a marketing tool to process referrals to the program. This solution includes design, maintenance and hosting
  • Dedicated Phone Number to a Commercial Lending Resource Center – A line of support to handle inbound calls from employees, members and prospects and act as the credit union relationship manager
  • Commercial Lending Resource Center Support – The Resource Center will support the application stage, prescreen and facilitation of the referral to a lead lender credit union

 

Lead Lender Credit Union (LCU)

Solution for credit unions that would like to accept referred loans from outside their own program.  As a Lead Lender you are responsible for completing the underwriting process and closing the business/commercial loan.

Why your credit union should become an LCU:

  • You achieve an alternative origination source for loan volume
  • Earn fee revenue through origination and servicing fees
  • Maintain control of the underwriting and funding decisions by using current underwriting processes and servicing sources
  • You maintain control to portfolio the full loan or sell a portion to participating credit unions (PCU)
  • Dedicated Phone Number to a Commercial Lending Resource Center – A line of support to handle inbound calls from employees, members and prospects and act as the credit union relationship manager

 

Participation Credit Union (PCU)

A solution for credit unions that would like to buy or sell commercial real estate, auto, mortgage, credit card, and other types of loans.

Why your credit union should become a PCU:

  • Participation is a win-win for all parties – you never have to turn a member away by supporting all their lending needs. They will view you as their one stop shop for banking needs
  • Referring credit unions add loans to their books
  • Lead Lender earns points and servicing revenue

Let one of our specialists provide a free portfolio review and generate a proposal for adding loans, redistributing loan exposure, or lightening up the credit union’s portfolio. For additional details and to arrange a presentation please click here.