This company was founded in January of 1996 after several years of research. The premise for developing the company was to form a Secondary Market Servicing Company for FSA Guaranteed Loans, USDA Guaranteed Loans or SBA Guaranteed Loans. Early on with our newness and small capital base, our primary concentration was in the Midwest region, running throughout the central United States.
Today, we are contacted by brokers and investors from coast to coast. The company is experiencing the excitement of phenomenal growth and nation-wide interest. There are several advantages when selling loans through ServCo Management, Inc. Our qualified and professional staff is familiar with the national market and searches many locations for the best pricing of your product.
Today, we are contacted by brokers and investors from coast to coast. The company is experiencing the excitement of phenomenal growth and nation-wide interest. There are several advantages when selling loans through ServCo Management, Inc. Our qualified and professional staff is familiar with the national market and searches many locations for the best pricing of your product.
Services
ServCo Management, Inc. was created as an alternative secondary market company that would service, purchase, and sell government guaranteed loans. Although officially opened in January of 1996, operational and feasibility planning took place long before. The company's goals were quite simple.
It wanted to establish a secondary market company that could be very flexible in purchasing, selling, and servicing loans with all types of payment stuctures.It also wanted to be able to disperse payments all across the nation so the originating lender would not have to. With personnel of banking background, the foundation was there for an understanding of how such a company should and needed to function.
It wanted to establish a secondary market company that could be very flexible in purchasing, selling, and servicing loans with all types of payment stuctures.It also wanted to be able to disperse payments all across the nation so the originating lender would not have to. With personnel of banking background, the foundation was there for an understanding of how such a company should and needed to function.
The Farm Service Agency issues government guaranty's to lenders for several types of Agricultural Loans. Real Estate Loans (FO) and Operating Loans (OL) are saleable into the secondary market. We encourage the lender to schedule the loan terms and payment schedules to meet the needs of the borrower, NOT the secondary market.
The Small Business Administration issues government guaranty's to lenders that offer business loans to their customers. These guaranteed loans are saleable into the secondary market. Our professional staff assists lenders with documents necessary to comply with the requirements of the Funds Transfer Agent.
Community Facilities Programs provide loans, grant and loan guarantees for essential community facilities in rural areas. Priority is given to health care, education, and public safety projects. Typical projects are hospitals, health clinics, schools, fire houses, community centers and many other community based initiatives.
The United States Department of Agriculture issues government guaranty's to lenders that offer business loans to their customers. These guaranteed loans are saleable into the secondary market. These loans can vary greatly in size and ServCo Management, Inc. does its best to satisfy all sellers with great pricing.
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