Community Banks
Gain Visibility, Control, and Help Your Customers
ZimpleMoney is a great platform to manage seller notes associated with SBA deals, as well as other loans, installment contracts, and other recurring payments.
ZimpleMoney helps Community Banks with:
- Transparency: Easily view the terms and payment schedule on seller notes before an SBA loan is funded. Monitor repayment performance and adherence to subordination agreements.
- Control: Pause repayments if needed to ensure compliance with standby and subordination terms.
- Easy Setup: Manage setup directly, or invite sellers and buyers to enter relevant details, accept terms, and link bank accounts for payment.
- Flexible Implementations: Simply refer customers to a custom page, or leverage a completely branded, private-label solution.
- Automation, driving accuracy and efficiency – eliminate the headaches and errors for everyone that come with manual tracking and repayments.
- A Trusted 3rd Party Platform with logins and notifications for buyers, sellers, and lenders so everyone stays on the same page.
ZimpleMoney helps your customers:
- Create loans and installment contracts in minutes.
- Set interest rates, loan types, amortization schedules, standby or deferment periods, and fee schedules.
- Save time, money, and hassle with automated payments, ledger entries, and notifications.
- Handle late / skipped / extra payments…and everything else that can happen with a loan.
- Add transparency through a trusted 3rd party with a portal for lenders and borrowers so everyone stays on the same page.
- Bundle and resell portfolios to free up capital for growth.
Play Video about Loan administration for land sellers offering seller financing