Waite Park, MN, June 13, 2010 --(PR.com
)-- RTE Financial Services (RTEfs), a value added reseller of web based software, and Small Business America(SBAm), announce the appointment of RTEfs as a reseller of SBAm’s business services solutions for the credit union industry. SBAm is a multiple credit owned Business Services CUSO.
Under the agreement, RTEfs will promote and market SBAm’s products and services in the credit union market. SBAm is a provider of business loan services including underwriting, documentation and servicing. SBAm also provides participation management, portfolio services and consulting for business services.
“We have participated in the business services marketplace for many years, and it is time for the next iteration of business lending cusos.” says Gary Hess, President of RTEfs. “There is no longer a need to absorb the up front investment previously required of a business lending operation when quality services are provided on a transactional basis.” said Hess.
Mike Hales, President, Small Business America, said: “The primary objective of Small Business America is to enable any credit union, regardless of asset size or location, to serve those members or potential members who are small business owners and are more than willing to pay for access to credit. We see no reason to impose equity requirements or membership fees on credit unions who understand the benefits of economies of scale and scope that we offer. By providing the expertise and eliminating the investment necessary to underwrite, document, service and manage member business loans and lines of credit, we hope to help close the awareness gap between America’s small business community and America’s credit unions.”
About RTE Financial Services - RTEfs is a value added reseller of software to the financial services industry. Its principals are Gary Hess and Bruce Hagberg, both of whom have over twenty years of industry experience including executive positions with Bankers Systems, Inc./Wolters Kluwer Financial Services. They are experienced at providing technology based lending and deposit solutions to thousands of institutions in the financial services industry. Gary and Bruce bring a strong record of customer focus and service, a dedication to doing what is right for the customer and a commitment to bringing dependable, simple to use products that perform complex tasks, to the marketplace. For more information visit us at www.rtefs.com.
About Small Business America – SBAm is a multiple credit union owned Business Services CUSO with offices in Mission Viejo, CA and Miramar, FL. SBAm offers all credit unions access to member business loans and lines of credit, including underwriting, documentation and servicing. SBAm provides services to all credit unions, regardless of asset size, and does not require the credit union to invest in the cuso or pay membership fees. Mike Hales, President, Small Business America has over thirty years of experience in all aspects of business services.