American Business Financial Services Inc., Bala Cynwyd, Pa., has announced that its commercial lending subsidiary, American Business Credit Inc., is expanding into the mortgage broker market via its new ABC Broker Services Division.ABC's loans range from $15,000 to $500,000 and are secured by commercial and personal real estate. ABC president Beverly Santilli said the type of commercial loan offered by ABC "is often missing from the typical mortgage broker's arsenal of products." Ms. Santilli touted the company's "streamlined" loan application process, which she said usually provides a decision within 24 hours. The new division can be found on the Web at http://www.abcbrokerbiz.com.
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