CHICAGO, Nov. 18, 2016 /PRNewswire/ -- Windsor Advantage, LLC, a leading provider of services to banks and credit unions, assisted a record number of small businesses in 2016 through the SBA 7(a) Small Loan Program. The $135 million in loans closed during the nine months ended September 30th, 2016 resulted in an $88 million increase from the same period in the prior year. This record level of volume brings Windsor's total Small Loan servicing portfolio to more than $200 million.
"With the SBA's continued emphasis for lenders to participate in the Small Loan Program, we are pleased to announce our success in assisting lenders to utilize a program that provides capital to the small businesses most in need," noted Leonard Ray, Director of Servicing. "Windsor is dedicated to providing the resources and support necessary to ensure our community lenders are able to provide capital efficiently and effectively to these borrowers."
The SBA Small Loans processed by Windsor have made a significant impact in communities across 49 states. Over 16,000 jobs in 70 different industries have been either created or maintained through these loans.
As of September 30, 2016, Windsor's loan servicing portfolio exceeded $875 million including more than $200 million in SBA small loans under $350,000.
About Windsor Advantage, LLC Windsor provides a comprehensive SBA loan department to lenders nationwide. Services include strategy development, prequalification, loan structuring, application packaging, loan closing, secondary market sales, loan servicing and intensive servicing, SBA compliance and regulatory exam support. Windsor also provides continuing training and technical assistance to lenders at no cost.
With more than 150 years of collective SBA lending experience, cutting edge systems and rigid controls, Windsor Advantage is uniquely qualified to support its clients to develop and implement a thoughtful and profitable SBA 7(a) loan program.
Windsor Advantage is based in Chicago, Illinois, with offices in Indianapolis, Los Angeles and Charleston. For more information, call 312-724-6425 or visit WindsorAdvantage.com.