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.
• 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.
• 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.
• 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