CHICAGO, March 10, 2015 /PRNewswire/ -- Windsor Advantage, LLC, a leading provider of services to banks and credit unions, assisted a record number of small businesses in 2014. Windsor's bank clients funded over $105 Million in Small Business Administration (SBA) 7(a) program loans in 2014.
Shawn Andrews, Managing Director of Windsor Advantage stated, "In the past 4 years, Windsor clients have funded more than $400 Million in SBA loans. We continue working with our bank and credit union clients to develop innovative SBA lending solutions while identifying strategic niches to assist small business borrowers."
Since 2010, Windsor closed nearly half a billion dollars in SBA loans through its comprehensive outsourced SBA department solution. These services are delivered efficiently and effectively by leveraging more than 100 years of collective experience working with SBA loan programs and with a focus on compliance. Other milestones include:
- Windsor Advantage closed 220 loans for over $105 Million to borrowers in 43 states.
- Over 100 of the loans were for less than $150 thousand, helping provide capital to businesses in communities most in need of SBA financing.
- As of December 31st, 2014 Windsor serviced nearly $350 Million in SBA loans for more than 60 lenders across 26 states.
- Diligent SBA compliance practices earned Windsor its fifth year of SOC 1 Type 2 certification. This third-party audit verified the design and implementation of Windsor's policies and procedures for handling client data.
- Windsor recently expanded its compliance and strategy department, hiring Michael Breckheimer for his extensive expertise with an array of financial institutions. Mr. Breckheimer will focus on SBA compliance and process improvement with Windsor's institutional clients. Prior to joining Windsor, Mr. Breckheimer was a senior consultant in the financial services group of KPMG Management Consulting.
- Windsor employs 16 experienced professionals with more strategic hires anticipated in 2015.
About Windsor Advantage, LLC
Windsor Advantage provides a comprehensive outsourced SBA loan department, including SBA loan servicing and SBA compliance to banks and credit unions nationwide. Services include loan structuring, application packaging, loan closing, secondary market sales, loan servicing and regulatory exam support and SBA compliance. Windsor also provides continuing training and technical assistance to lenders at no cost.
Windsor Advantage offers banks and credit unions a turn-key SBA department focused on the development of an innovative SBA lending strategy. Windsor Advantage is based in Chicago, Illinois, with offices in Indianapolis, Los Angeles and Boston
For more information, call 312-724-6425 or visit www.WindsorAdvantage.com.
Media Contact:
312-724-6425
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SOURCE Windsor Advantage, LLC
Related Links
http://www.windsoradvantage.com
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