Small business lending is becoming increasingly important in today’s economy, which is why one local bank is specializing in this type of loan for the benefit of the community.
USAmeriBank officially began offering the SBA 7(a) program in 2011. “But our staff’s experience in SBA lending reaches back more than 20 years,” said Garrett VonEye, SBA Business Development Officer. Along with Chris Kneer, SBA Banking Manager, and Karen Bricken, SBA Lending Administrator, VonEye worked to implement the program at USAmeriBank in Brandon.
As a Business Development Officer since December 2013, VonEye works directly with relationship managers and customers to structure a loan that is eligible within the parameters offered by SBA and fits within the needs and expectations of the customer.
“A large percentage of our economy is dependent on small businesses,” he explained.
According to SBA, approximately 49 percent of workers employed within the United States work for companies of less than 500 people, 35 percent for companies with less than 100 workers and 18 percent for companies with less than 20 employees.
“That’s a huge number of businesses that need access to capital. SBA lending allows for existing or new businesses lacking collateral or down payments to acquire financing for the products necessary for growth.”
With 13 branches in Florida, USAmeriBank strives to reach out to potential borrowers and keep the staff knowledgeable about SBA, a bank-wide focus. Local leadership and flowing communication throughout the bank allows for agile and adjustable client satisfaction. Banking products and treasury options uncommon at larger regional and national banks are also available.
The 7(a) program allows USAmeriBank to be more flexible in loans, down payments and collateral requirements.
“First and foremost, we are a local bank, with local bankers making local decisions. Whether for working capital, leasehold improvements or purchasing that dream building, we are here to help and look forward to serving the community,” VonEye said.
For more information or to apply for a loan, visit www.usameribank.com/SBA. USAmeriBank is located at 668 Oakfield Dr.