Business Loan Servicing Software
LA Pro gives you flexibility to tailor your loans to meet the needs of your commercial and small business borrowers. Our robust business loan servicing software supports you to better manage a variety of loan types. As small business principals or corporations’ ability to repay loans changes, LA Pro’s commercial loan servicing software has the flexibility to allow loans to be modified without requiring they be paid off or for a new loan to be created. Escrow account servicing can also be handled seamlessly with the flexibility of LA Pro’s loan tracking software.
LA Pro’s comprehensive business loan servicing system enables you to support a variety of loan types from simple to very complex, including:
- Simple bi-lateral;
- Large participated loans with complex fee structures;
- Compound interest; and
- Deferred interest loans.
LA Pro Software Features:
- Easily handle various terms including: interest-only, fixed and variable interest rates, principal-only periods, revolving lines of credit, and term loans
- Loan terms can be easily modified to accommodate the borrower’s ability to pay
- Inclusive collateral tracking and reporting
- Customizable billing statements and notices
- Flexible options for customizing security and user-access levels
- User-customizable screens
- Auditable static field changes by user
- Interfacing to other systems is extremely easy
- Over 100 standard reports and flexible ad-hoc reporting
- Delinquency notification and tracking
- Check printing
- Data import and export capabilities
Reports Specific to Business Loan Accounting
Custom reports can be created to support commercial and business loans. LA Pro facilitates the unique needs of business loans through various management reports, daily accruals, SBA 1502 reporting, and data extract reports for the National Credit Union Association (NCUA). We offer many types of standard loan reports, ad-hoc reports, and data extracts with multiple formats.
Proven, Cost Effective Business and Commercial Loan Solution
Everything you need to service business loans is included and there are no additional modules to purchase. If you are ready to improve your business loan servicing with proven software, we are ready to assist. Learn about our industry-leading standard servicing features or watch our online tour of our loan servicing software today.