Illinois Bankers Business Services, Inc. (IBBS), the for-profit division of the Illinois Bankers Association (IBA), has partnered with BHG, the source of the most innovative financial solutions available on the market today and the creator of the largest community bank loan and product network in the country.
Through this Preferred Vendor partnership, Illinois community banks can access the BHG Loan Hub, a secure, state-of-the-art loan delivery platform and the number-one source for medical and professional loans. IBA members can bid and purchase individual loans on the daily auction or via the BHG Marketplace; purchase custom-built portfolios; or buy into a block purchase with other BHG bank customers. To date, more than 1,200 community banks, including 103 in Illinois, have partnered with BHG to buy loans.
“We’re excited to name BHG our newest Preferred Vendor and help expand their relationships across Illinois,” said Brian Hoffman, President, Illinois Bankers Business Services, Inc. “Since BHG joined the IBA as an Associate Member in 2015, many members have found success partnering with BHG by diversifying their loan portfolios and doing business with more top-credit high-income professionals, both in and out of their markets.”
To become a preferred vendor, IBBS completes an extensive due-diligence process to ensure there is a need among member banks and the service offered is the best in the industry.
“We’re proud to partner with the IBA and support their mission to ensure the future of banks,” said Al Crawford, Co-Founder, Chairman and CEO of BHG. “We’re looking forward to building on the success we’ve had serving community banks throughout the state, offering a variety of loan purchasing options and additional services to IBA members.”
At 10 a.m. Tuesday, March 16, the IBA is hosting a virtual event for members to meet BHG and learn how they can add diversity and high-quality loans to their portfolios. For more information and to register, click here.
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About Bankers Healthcare Group
BHG is transforming the financial industry; leveraging the power of data, analytics, and cutting-edge technology to become not only the number one source for professional loans, but the creator of the largest community bank network in the country.
Since 2001, BHG has originated more than $7 billion in loan solutions to top-quality borrowers, which community and midsize banks can access via a state-of-the-art loan delivery platform. Building on nearly two decades of innovation, BHG and its family of brands now offer a full suite of financial solutions that span business, consumer, and SBA 7(a) loans, credit cards, collection services, risk management services, and point-of-sale financing with a focus in patient lending.
With record growth year after year, BHG continues to be recognized regionally and nationally: earning a spot on the Inc. 5000 for 14 years running, and receiving accolades from Great Place to Work® and Fortune magazine, among others. BHG is 49% owned by Pinnacle Bank (PNFP), a $35-billion asset bank, and has headquarters in Davie, FL, and Syracuse, N.Y. To learn more about BHG’s financial solutions, visit bankershealthcaregroup.com, and for more information about the BHG Bank Network, click here. Follow BHG on LinkedIn, Facebook, and Twitter.