BANK PARTICIPATION & SERVICING PROGRAMS
First Capital Bank Participations & Servicing Programs provide Banks the comfort needed to do more loans resulting in growth of assets, growth of deposits and growth of revenues.
Loan Participation Program
First Capital's loan participation program reduces transaction costs and provides a steady flow of quality, diversified commercial loan opportunities to match your institution's lending criteria and pricing. Click here to learn more.
First Capital Bank Servicing functions to include:
- Providing accurate daily tracking of client’s loan balance and availability.
- Reviewing and reconciling all borrowing bases prior to advance request being processed and forwarded to Bank for approval and funding.
- Viewing all daily cash posted through Bank’s lockbox and memo-posting to First Capital’s system.
- Performing monthly cash-receipts-testing of lockbox receipts.
- Performing accounts receivable verifications on a weekly basis based on client’s weekly or daily borrowing base supporting documentation. Verifications are performed via phone and fax or through online systems when applicable.
- Calculating all accounts receivable and inventory ineligibles based on client’s submitted reports.
- Providing Bank with collateral reports and trend reports on a weekly basis.
- Providing both Bank and client with online access to First Capital’s reporting system.
- Ability to update the Tickler system for items as needed to assist Bank in the management of the client.
- Performing initial due diligence field exam and ongoing quarterly field exams (detailed field exam information available upon request). Field exam results to be summarized and forwarded to Bank.
Program flexibility:
- Loan sizes range from $2 million to $20 million.
- First Capital’s servicing fee will be a per annum charge of the outstanding balance dependant upon the size of the loan.
- First Capital’s level of participation ranges from providing the servicing only to providing a first loss guarantee to co-lending in up to a certain percentage of the loan.
- Pricing flexible based on level and risk of First Capital’s guarantee.
The Bank simply chooses the level of risk to take:
- Bank keeps 100% of the loan while First Capital provides the underwriting and servicing of the loan.
- Bank keeps 100% of the loan while First Capital provides the underwriting and servicing of the loan and guarantees a 5% first loss position.
- First Capital participates as a co-lender with Bank while First Capital provides the underwriting and servicing of the loan.
To get started with the First Capital Bank Servicing Program, please contact:
Brian J. Cuttic
Executive Vice President
(678) 594-5900
Referrals Welcome |
