News & Updates

The Cost of Transcript Access Many lenders often overlook one major price tag in their process that costs them or their clients thousands of dollars. Obtaining tax transcripts from the IRS is mandatory for many SBA loans, and it needs to be done for every single owner with more than 20% stake in the business and all affiliate entities. Traditionally, lenders need to fill out

Elevating the Lender’s Approach to Compliance Since 2020, SBA lenders have experienced a quickly shifting lending environment. From the rapid rollout of PPP and EIDL programs in response to COVID-19, to an increase in instances of fraud with often limited lender guidance. The current era of SBA lending might be characterized as one where lenders are seeing increased demand for capital, fraudulence is down due

Managing Commercial Loan Portfolios For Lenders As portfolios grow in size and complexity, so do the challenges that come with them. Lenders are tasked with tracking hundreds, sometimes thousands of borrowers, each with unique financial profiles, repayment schedules, and risk factors. Term loans, lines of credit, equipment financing, and more– the sheer volume of data can quickly overwhelm even the most experienced teams, especially when

Collecting Client Financial Data When accessing your clients’ financial records, transparency and accuracy are everything. Whether you’re reviewing documents for a loan application or advising your client on their tax liabilities and deductibles, incorrect or outdated information will skew your metrics and degrade your ability to make an informed decision. Many lenders and CPAs have historically relied on tax returns to inform them on their

Elevating the CPA’s approach to tax planning From tax strategy to cash flow management, as a CPA you are entrusted with a high level of responsibility. You’re expected to be accurate, fast, and always a step ahead. Beyond retrieving and organizing financial documents for new clients, advising business leaders on a tailored tax strategy requires time, energy, and accuracy. In order to provide a client

Borrower Risk Monitoring with Ongoing Tax Transcript Access In lending, risk doesn’t end once funding has been provided. Risk and its mitigation are ever evolving, and if you’re not watching closely, this could have severe effects on your reputation, financial stability, and profitability . Let’s review a potential scenario that you might encounter. You’re a lender who just closed a $250,000 loan to Joe’s Fresh

Here’s What Lenders Need to Know Obtaining tax return transcripts directly from the IRS is required for certain loan types. While this process can be burdensome, it allows lenders to verify borrower income, financial history, as well as identify tax liabilities. Further, obtaining tax transcripts from the IRS protects against fraud, as the information is obtained directly from the IRS.  While the use of one-time

We are Tax on Demand or TOD offers seamless access to IRS tax transcripts for lenders through our technology-powered platform. As the partner to the #1 facilitator of SBA 7(a) loans by volume, we access over 1,500 transcripts per month, discovering more than 100 undisclosed tax liabilities per month, and saving more than 400 hours of personnel work per week. Our platform empowers lenders to