What is a Secondary Loan Market?
- The secondary market is a financial market in which loans can be bought and sold. ServCo Management helps as a guide along this process. ServCo Management is able to stay on top of the Secondary Loan Market. Rates are constantly changing and ServCo is fully aware of these changes to be better able to help you get a great rate. Loans sold into the Secondary Loan Market are held to a higher degree than other types of loans. ServCo is able to catch and fix any discrepancies before the loan is sold. The Secondary Loan Market is a very competitive place. ServCo knows this and has the right contacts and knowledge to give you the best options.
What kind of loans does ServCo Management service?
- ServCo Managment can service different types of loans. These loans include FSA guaranteed loans, USDA guaranteed loans, SBA loans, and B & I loans. Our staff is knowledgeable and can provide an easy process when buying and selling these loans.
- The Farm Service Agency issues guaranty’s for Real Estate Loans (FO and Operating Loans (OL). These types of loans are saleable in the Secondary Loan Market.
- The Small Business Administration issues guaranty’s for small businesses. These loans can be sold to the Secondary Loan Market.
- The USDA has Community Facilities programs that are able to be sold.
- The USDA issues government guaranty’s to lenders that offer business loans to their customers.
- For more information on each type of loan that can be sold to the Secondary Loan Market, please visit these pages on the Services tab.