# PCFS Solutions vs Lenders Cooperative for SBA servicing: the two vendors that publish 1502 > PCFS Solutions is the choice for a 7(a) lender that services its own portfolio and sells guaranteed portions: its Loan Manager publishes FTA-format 1502 preparation, secondary market prepayment and late payment handling, FASB 166 support and a separate special assets product. Lenders Cooperative is the choice for a CDC or 504 lender, with the Ventures platform behind 99.8% of 504 loans, a CDC Annual Report tool, modernized 1502 reporting through its Payments product, and servicing available as a professional service while its platforms finish merging. ## Feature by feature | Feature | PCFS Solutions | Lenders Cooperative | Edge | | --- | --- | --- | --- | | 1502 reporting | Automated preparation and submission, formatted to FTA specifications | Modernized 1502 reporting for 7(a) lenders through VLT's Payments | PCFS Solutions | | Secondary market | Prepayments and late payments on sold loans reported; FASB 166 accounting | Not described | PCFS Solutions | | 504 and CDC reporting | Not described | CDC Annual Report tool; 99.8% of 504 loans processed in 2024 | Lenders Cooperative | | Workouts and liquidation | Special Assets Manager; automated 10-Tab guaranty files per CCG Catalyst | Not described | PCFS Solutions | | Origination in the same vendor | BizLendPro cloud origination portal | Ventures origination for 504, 7(a) and Community Advantage; Lenders Cooperative LOS for commercial and SBA | Lenders Cooperative | | Servicing as a service | Not offered | Servicing, credit underwriting and SBA LSP services offered | Lenders Cooperative | | Named clients | Meadows Bank, American Business Lending per CCG Catalyst; none on its own site | SECU MD; eight named CDC and CDFI clients | Lenders Cooperative | | Corporate status | Long-tenured, privately held per CCG Catalyst; no founding year published | Merged February 2025; servicing still expanding onto the unified platform | PCFS Solutions | | Regulatory monitoring | Monitors SBA reporting changes so the 1502 stays compliant, per its 1502 page | Not described | PCFS Solutions | ## Choose PCFS Solutions when - You are a 7(a) lender that sells guaranteed portions and files 1502 monthly - Workouts, liquidation and the guaranty purchase file need a product, not a spreadsheet - You want the vendor to track FTA reporting changes for you - You already have an origination system and want a servicing specialist beside it ## Choose Lenders Cooperative when - You are a CDC or 504 is a meaningful share of your portfolio - You want origination and servicing from one vendor and can accept a platform transition - You may outsource servicing to the vendor's own staff at first - A named credit union customer and named CDC clients matter to your committee ## Verdict On the 7(a) servicing cycle PCFS publishes more than anyone in this category: the monthly file in the FTA's format, sold-loan prepayments and late payments, the accounting for the guaranteed portion under FASB 166, and a separate product for the day a loan goes bad. Lenders Cooperative's servicing record is the Ventures 504 heritage, a CDC annual report tool and a modernized 1502 capability for 7(a) lenders through its Payments product, plus the one thing PCFS does not offer, which is people who will do the servicing for you. The buyer's program decides it. A 7(a) bank or credit union that keeps its portfolio and sells the guaranteed portion has a PCFS-shaped problem. A CDC has a Lenders Cooperative-shaped one, with the caveat that its company page describes servicing functionality still expanding onto the unified platform. Ask both to produce a month-end 1502 in the current MySBA Loan Portal format during the demo and upload it; the validation errors that come back are the real evaluation. ## Common questions ### Which one handles loans sold in the secondary market? PCFS publishes prepayment and late payment handling for sold loans and FASB 166 accounting. Lenders Cooperative's servicing pages do not describe secondary market handling. ### Which one will do the servicing for me? Lenders Cooperative offers servicing and SBA LSP services as professional services. PCFS sells software only, though it sells that software to LSPs and CUSOs who service on others' behalf. ## Full profiles - [PCFS Solutions](https://sbalendingsoftware.com/platforms/pcfs-solutions) - [Lenders Cooperative](https://sbalendingsoftware.com/platforms/lenders-cooperative) ## Ledgers carrying both - [SBA Lending Software Ranked for 7(a) and 504 Lenders](https://sbalendingsoftware.com): PCFS Solutions #7, Lenders Cooperative #8 - [Best SBA Lending Software for Community Banks](https://sbalendingsoftware.com/best/sba-lending-software-for-community-banks): PCFS Solutions #8, Lenders Cooperative #7 - [Best SBA Lending Software for Credit Unions](https://sbalendingsoftware.com/best/sba-lending-software-for-credit-unions): PCFS Solutions #9, Lenders Cooperative #7 - [Best SBA Loan Servicing and 1502 Reporting Software](https://sbalendingsoftware.com/best/sba-loan-servicing-software): PCFS Solutions #1, Lenders Cooperative #3 ## Other pairings - [SPARK vs Lenders Cooperative](https://sbalendingsoftware.com/compare/spark-vs-lenders-cooperative) - [Biz2X vs Numerated](https://sbalendingsoftware.com/compare/biz2x-vs-numerated) - [nCino vs Abrigo](https://sbalendingsoftware.com/compare/ncino-vs-abrigo-sba) - [Baker Hill vs Abrigo](https://sbalendingsoftware.com/compare/baker-hill-vs-abrigo-sba) - [Aloan vs Baker Hill](https://sbalendingsoftware.com/compare/aloan-vs-baker-hill-sba-underwriting) **Sources checked:** September 3, 2026 --- **Source:** https://sbalendingsoftware.com/compare/pcfs-solutions-vs-lenders-cooperative-servicing · **Markdown:** https://sbalendingsoftware.com/compare/pcfs-solutions-vs-lenders-cooperative-servicing.md · **Agent index:** https://sbalendingsoftware.com/llms.txt SBA Lending Software. Software research for 7(a) and 504 lenders. Product names and trademarks are the property of their owners. Rankings are editorial opinion; the facts printed with them are sourced. Nothing here is legal, regulatory or credit advice, and none of it substitutes for the current SOP.