Company Research Report: Cooperative Business Services (CBS)
Company Overview
- Name: Cooperative Business Services (CBS)
- Mission of the Company: Cooperative Business Services aims to revolutionize financial partnerships, empowering financial institutions with innovative thinking and market-leading business solutions. CBS focuses on being the best business lending CUSO in terms of process and client service.
- Founded: 2003
- Headquarters: Cincinnati, OH
- Key People: No detailed information about specific individuals in leadership roles was provided.
- Number of Employees: No information is available.
- Revenue: No information is available.
- What the Company is Known For: CBS is recognized for providing premier commercial lending services and innovative software solutions to financial institutions. It partners with over 140 credit unions across 17 states, offering expertise in various property types nationwide.
Products
CBS offers a suite of products and services primarily centered on commercial lending. Below is an outline of key offerings:
Commercial Lending Services
- Commercial Real Estate Loans:
- Description: Financing solutions for purchasing or refinancing commercial properties across multiple sectors such as retail, office, industrial, multi-family, and medical/dental.
- Key Features: Loans up to $30,000,000; Terms up to 15 years with amortizations up to 25 years.
- Conventional Loans:
- Description: Used for purchasing, refinancing, or constructing commercial real estate and machinery.
- Key Features: Competitive fixed and variable rates available.
- SBA Loans (7a and 504):
- Description: Designed to assist small business borrowers to access capital.
- Key Features: Terms up to 25 years; loans up to $5,000,000.
- Construction Loans
- Description: Financing for construction purposes.
- Key Features: Interest-only during the construction period of up to 24 months.
Commercial Lending Software
- ExRA:
- Description: A cloud-based platform offering real-time reporting for commercial lending portfolios.
- Key Features: Enables institutions to understand and manage lending portfolios efficiently.
- Creditable:
- Description: A customizable, web-based commercial lending software for managing loan pipelines effectively.
- Key Features: Provides tools for efficient management and strategic development of lending operations.
Recent Developments
- New Products Launched: No specific information regarding new product launches.
- New Features Added: No detailed information on new features for existing products.
- Partnerships:
- CBS thrives on its partnership model, engaging with over 140 credit unions across various states. Testimonials emphasize the benefit of CBS’s expertise and the shared business development model that provides credit unions with enhanced capabilities and market presence.
- Community and Industry Recognition:
- Pathways Financial Credit Union was honored with the Springfield Business of the Year Award, reflecting CBS’s commitment and influence within the credit union community (10.04.2024).
Conclusion
Cooperative Business Services (CBS) remains a pivotal player in the commercial lending landscape, leveraging its unique partnership model with credit unions to deliver innovative financial solutions. Though detailed financial metrics and specific leadership information were not available, CBS’s role in enhancing credit union capabilities and its customer-centric approach are evident.
