Automate SBA loans, term loans, and commercial lines of credit payoffs. Process complex business loans in 2 minutes with 100% accuracy.
SOFR-based, Prime + spread, Treasury-indexed, or custom rate formulas. PayoffAgent handles them all.
Example: SOFR + 3.5%, floor 5.0%, cap 12.0%
Automatic rate lookups & calculations
Amortized over 20 years, due in 5. PayoffAgent calculates the balloon amount precisely.
Example: $500K loan, 7% rate, 240-month amortization, 60-month balloon
Exact balloon payoff to the penny
Graduated payments that increase annually or seasonally. Complex amortization handled automatically.
Example: Year 1: $3K/mo, Year 2: $4K/mo, Year 3+: $5K/mo
Accurate principal tracking across schedule changes
Yield maintenance, fixed percentage, declining scale, or make-whole provisions. All calculated correctly.
Example: Year 1: 5%, Year 2: 3%, Year 3: 1%, Year 4+: 0%
Tiered penalty calculations with exceptions
Upload the original loan document or connect to your document management system. AI extracts all terms automatically.
Input payments made, outstanding fees, and desired payoff date. Connect to your servicing platform for automatic data pull.
Review calculation breakdown, generate professional payoff letter, and email to borrower or accountant. Done in 2 minutes.
Track UCC filings, collateral releases, and lien positions. Generate UCC-3 termination statements automatically.
Track personal guarantees and generate appropriate release documentation upon loan payoff.
Handle complex corporate structures: parent companies, subsidiaries, joint ventures, and co-borrowers.
Late fees, NSF charges, inspection fees, legal fees, default interest, and termination fees all tracked and calculated.
Monitor compliance with debt service coverage, loan-to-value, and other financial covenants throughout loan life.
Give borrowers' accountants secure access to request and receive payoff quotes for refinancing or business sales.
Company is being acquired. Buyer's attorney needs exact payoff for closing. Fast turnaround critical for deal completion.
PayoffAgent Advantage:
Borrower shopping for lower rates. Competing lenders need your payoff amount to make offers. Speed wins deals.
PayoffAgent Advantage:
Business is thriving. Owner wants to pay off debt early. Needs to understand prepayment penalty and exact amount.
PayoffAgent Advantage:
Selling a portfolio of 200 business loans. Need accurate payoff amounts for all loans to price the portfolio sale.
PayoffAgent Advantage:
Refinances, sales, early payoffs
Commercial loan officer fully loaded cost
Plus: Faster deal closings, better borrower experience, competitive advantage
Join business lenders saving 25x the time with PayoffAgent's AI automation.
SBA-approved calculations • API available • Custom workflows