Baltimore, MD Commercial Lenders

Many commercial lenders provide their own backroom with all debtor credit approvals and verifications done in-house to provide continuity and micromanagement of the portfolio. They may also handle their workouts in-house, often while trying to fund other clients. Other lenders often choose to outsource all or part of the process.

In any case, Credit Officers must always ask themselves:

  • Am I managing this risk effectively?
  • Is my borrower viable?
  • Are the receivables going to be paid?

Commercial Lender’s Program
BCCS has many years of experience running a backroom operation and has created the Commercial Lender’s Program to provide support to commercial lenders in a variety of areas including:

Backroom Services
Services include debtor credit evaluation, invoice verification (both pre-funding and on-going), portfolio evaluation, underwriting. These services are especially useful during funding crunch times when the borrower needs money immediately.

Field audits
A/R audits, A/R aging analysis, borrowing base monitoring, and inventory analysis. BCCS will provide the “extra set of eyes” to monitor collateral when occasional on-site checks are desired; a full audit might not be needed. We bridge the gap to ensure you are properly securitized against financial loss.

Debt Collections
(*This is where BCCS can be the most useful to businesses.)
We have fifteen years debt collections experience, and know how the game is played. In workout scenarios, we hit the ground running to provide
maximum return and reduce losses. The lien against the A/R that you hold becomes less valuable with time. After a few months, it becomes very difficult to collect on bad debt.

On-going Collection Services
Baltimore Credit and Collection Services can also help with on-going collections issues. Are you lending against A/R? Do you have a lien against the receivables? How do you collect on the current-90 day A/R?

With non-recourse factoring (or lending against A/R in a borrowing base), the receivables stay with the lender at 90 days and it is incumbent on the lender to collect. Statistics show that in-house collections efforts are only effective 70% at ninety days and 50% when the receivable ages to six months. Are your margins large enough to absorb this kind of loss?

Even when invoices are recoursed back to the client, the lender still has a financial interest in ensuring that the invoice gets paid. All too often the recoursed debt is forgotten once it reverts back to the borrower. A lien on A/R becomes less valuable as bad-debt accumulates. You want to make sure that your borrower remains a going concern.

BCCS bridges the gap between lender and borrower. We collect on behalf of the lender on non-recourse loans, and on behalf of the borrower with recourse lending. A third-party full collection agency is always more effective.  BCCS is a Baltimore, MD commercial collection agency providing commercial lending services nationally and internationally.


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Contact Information

Baltimore Credit &
Collection Services, Inc.
6400 Baltimore National Pike, #469
Baltimore, MD 21228-3915
Phone: 410-549-6444
Fax: 410-549-3366