Overview

The AFS Small Business Administration (SBA) Reporting Module, now available as an integrated component of the Level III™ loan accounting system, fully automates the preparation of a bank's internal and external SBA reporting. The system eliminates the need for manual, error-prone, time consuming calculations and the need for a separate reporting system requiring duplicative input of data. AFS' SBA reporting module streamlines identification and categorization of SBA loans, calculation of fees, exception reporting, preparation of required 1502 reporting, and delivery of information to facilitate management of the portfolio. Only AFS offers this capability on an integrated basis.

Benefits

Features	Benefit
Production of required SBA reporting	Product delivery Reduction in staffing expense Compliance Exception management Error reduction Timeliness
Calculation of fees specific to SBA loans	Fee revenue Compliance Accuracy
SBA Payment Processing	Fee revenue Compliance Reduction in staffing expense Error reduction
Exposure Management	Risk management
Portfolio Management	Profitability
Research and validation	Customer service
Reporting options	Reduction in staffing expense Timeliness Flexibility

Features

Production of required SBA reporting
The system fully automates preparation of required monthly SBA 1502 reporting, including:

		Retained Loans —   Approved before 10/12/95 —   Approved on or after 10/12/95
		Sold Loans -- provides interim activity reports on: —   Prepayments —   Late payments
		Error report detailing loans not reported due to serious inconsistencies and/or omissions
		Exception reports highlighting loans with transactions requiring explanation

Calculation of fees specific to SBA loans

		Bank service fees on sold loans
		SBA fees on retained loans

SBA Payment Processing
Most banks' systems do not accommodate unique SBA requirements for payment posting. Because of their systems' inability to recognize SBA loan payments, these banks typically post SBA payments incorrectly, requiring manual reversal, manual interest recalculation, and reposting.

AFS' SBA Module corrects these problems by recognizing SBA loans as they are posted, ensuring compliance with SBA payment processing requirements, and eliminating manual intervention and its associated inaccuracies.

Exposure Management
The AFS system tracks both partial and full disbursements and reports them uniquely for SBA loans, enabling management to track exposure by obligor or by loan type.

Portfolio Management
With SBA loans uniquely identified within the bank's portfolio, management can assess the performance of the entire SBA portfolio or of specific loan types within the portfolio, based on assigned loan types designated systematically.

Research and Validation
SBA reporting is accompanied by the ability to display data used to complete the 1502 report, which provides a useful tool for research and response to customer service questions.

Reporting Options
The AFS system supports virtually all reporting options, including hard copy, diskette, e-mail, Internet, tape, and data imported to Excel or Lotus 123.