Most of the time, expanding a business to new locations or entering new markets requires financial support through SBA 7(a) loans. An essential part of the loan approval process is to obtain a detailed title report that meets the specific requirements set by the U.S. Small Business Administration. AFX Research provides detailed, compliant, and timely title reports to ease the SBA loan process and guarantee compliance with funding title search requirements.
The SBA requires the lender to obtain and verify detailed property title information in order to identify properly lien positions against collateral. These include:
Property Title Search Loans: In order to identify and confirm correctly the legal ownership of the collateral.
Title Insurance for Loans: Evidence of lien priority should be provided with either certified title insurance or a full title report.
Tax and Judgment Search: Ensuring that no outstanding tax liens or judgments affect the collateralized property.
Recorded Deed of Trust: Ensuring that the deed of trust is recorded with the county recorder's office.
In order to provide these, AFX Research delivers:
Ownership Verification Loan Reports: Confirming legal ownership of the subject property by the borrower.
Ownership Encumbrance Report: Identifying encumbrances associated with the property, such as liens, mortgages, judgments, or other financial obligations against the property.
For over 30 years, AFX Research has been a leading title search company, trusted by businesses and lenders nationwide. Our expertise, advanced systems, and extensive network of title abstractor services ensure compliance with SBA 7(a) requirements while delivering unmatched speed and accuracy.
Nationwide Title Reports: Property records in all cities, counties, and states provide the same service regardless of where your property may be located.
Customized Reporting: Providing tailored title reports to fit certain SBA funding title search requirements to speed up the underwriting approval process.
Fast Turnaround Times: Advanced technology coupled with experience researchers provides quick turnaround time of title research on loans without sacrificing quality.
Expert Support: Our knowledgeable team guides you through the process, addressing any unique requirements or questions.
The deed of trust on the subject property has to be recorded with the recorder's office of the county. This legal document forms a very important part of the final report given to the SBA for the funding of the loan.
The legal description of the property must be confirmed to be correct and be included in the report.
Ordering a title report with AFX Research is easy and quick. Here's how it works:
Provide Property Details: Fill out the order form with the address of the property, city, county, state, and APN.
Specify Search Scope: Choose the type of title research you want to conduct, such as small business title search, loan and collateral verification, or title report for property disaster loans.
Submit Your Request: Once submitted, our team will start processing your request immediately.
If your SBA loan requires additional or customized searches, including but not limited to a title search for disaster assistance loans or title abstractor services, we can tailor our reports to your specific funding requirements.
Be it an expansion loan for a business or an attempt to gain disaster assistance, you can turn to AFX Research for dependable, SBA-compliant title research. You can trust the results when there's a need to be compliant on time and keep your confidence with loans high.
From business loan title verification to ownership reports for funding, AFX Research is your trusted partner for reliable, nationwide title reports. To learn more about how to initiate your SBA title report and move one step closer toward achieving your business goals, don't hesitate to contact us today.