October 30, 2014
By Bob Coleman
Editor, Coleman Report
Kathryn Lorenz Named VP of Mountain West Bank
Kathryn Lorenz has been named vice president and SBA commercial lender at Mountain West Bank’s downtown Boise branch.
Lorenz has more than 30 years of experience in the banking profession, with over 20 years as an SBA loan specialist. She worked as vice president and senior SBA loan specialist at Key Bank, and as an SBA business development officer at both Zions Bank and Capital Matrix.
Kathryn was recognized by the SBA Boise District Office as the 2012 Idaho Financial Services Champion of the Year. Read More
Brand Outreach & Development: Social Media networks help your SBA business develop yourself & your brand as an authority within the business lending industry by sharing your knowledge and various resources with others.
New Referral & Business Development: SBA lending professionals are able to expand their networks through social media channels so they can obtain new referral sources or direct borrowers. Social Media outlets also act as a quick and direct communication channel between your business or product and your target market, so you are able to provide real time answers and offer help to borrower’s questions.
Find new referral sources to partner with to expose yourself to new loan applicants that may qualify for your SBA program. Networking together on social groups allows you to seek out new business opportunities from fellow lenders or gain referral sources from trusted advisors that every business owner usually has such as loan brokers, CPA’s, bankers, attorneys, financial advisors, realtors, or business brokers . One can find a lot of these people in social groups.
Says Barry Sloane, Chairman, President and Chief Executive Officer, “We are proud to have maintained our position as the largest non-bank SBA 7(a) lender and our ranking in the top ten of all bank and non-bank SBA 7(a) lenders. Over the past year, for the 12-month period ended September 30, 2014, nationwide SBA 7(a) lending volume increased by 7.4% reaching $19.2 billion in total approved loans. During the same time period, we surpassed the growth in nationwide lending volume and recorded an over 27% increase in dollar volume of total approved loans. The continued robust growth in this industry as well as our individual growth illustrates the strong demand for these loan types. This trend represents a tremendous opportunity for us to continue to grow our SBA 7(a) lending platform and, at the same time, help support the growth and expansion of the small- and medium-sized businesses in the U.S.” Read More
Upcoming Small Business Lending Conferences
2014 Upstate NY SBA Lender Conference, November 5, Rochester, NY
American Banker/RMA Small Business Banking Conference, November 19-21, Miami
Coleman’s 7th Annual SBA Secondary Market Forum, December 2, Washington D.C.
Coleman’s 15th Annual Rural Lender’s Roundtable, December 3, Washington D.C.
2015 Southeastern Small Business Lenders Conference, February 23-25, Location TBA
National Alliance of Commercial Loan Brokers Annual Commercial Loan Broker Conference, March 8-10, Las Vegas