Harvest Small Business Finance, LLC

Basic information

QM program

N/A

Loss payee

na

CPL or subordinate clause

Harvest will always be in 1st position

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Harvest Small Business Finance, LLC (“Harvest” or the “Company”) is a Small Business Lending Company (“SBLC”) that originates, owns, sells and services small business loans backed by first-lien, owner-occupied, multi-purpose commercial real estate in accordance with the U.S. Small Business Administration’s (“SBA”) 7(a) loan program.  

Harvest holds one of only 14 SBLC licenses issued by the SBA that allow non-banks to originate SBA 7(a) loans. Since July 2016, Harvest has originated approximately $1.4 billion of SBA 7(a) loans, and currently has a servicing portfolio in excess of $1.1 billion. Out of the 1,146 loans that Harvest has originated since July 2016, only 5 loans have permanently defaulted. Harvest is consistently ranked among the top ten SBA 7(a) lenders nationwide.

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

45

Reviews