February 20, 2014
By Bob Coleman
Editor, Coleman Report
Stephenie Frazier Whitfield Joins SouthCrest Bank as Senior Vice-President of SBA Lending
Stephenie is a recognized visionary in small business lending,” says CEO Kenneth Maloy. “The experience she brings to the table will galvanize our efforts to meet the financial needs of businesses in our communities.” Stephenie brings over 17 years of SBA experience to SouthCrest, from operating her own business consulting firm in Washington, DC to working as a business banker in the fourth largest U.S. bank and as an SBA lender for community banks in Metropolitan Atlanta. Her emphasis at SouthCrest will be on the small business government guaranteed lending industry, and building a top-tier SBA loan program that utilizes lender expertise and technology to meet the needs of businesses in our communities in the most effective and efficient way possible.
Business Loan Capital Welcomes Shannon Angelos
“I am excited for the opportunity to work with Business Loan Capital at such a crucial juncture in this stage of their growth as a direct lender,” says Shannon. Her primary goal will be to make Business Loan Capital accessible to every facet of the SBA 504 lending market; business owners, lending partners, commercial real estate professionals, and interested investment capital. “Bridging the gap between investment capital and qualified owner occupied borrowers is a well-timed objective in the country’s larger need to stimulate growth,” she went on to say. Fred Mills, President and CEO of Business Loan Capital says, “Shannon’s strong industry knowledge and contacts are exactly what we need to continue to enhance our presence in the market.”
“Kristen is adept at building relationships and creating partnerships that will translate into new opportunities to help bankers and brokers provide capital to small business clientele,” says Dean Aloe, senior loan officer for Team L.A. in CDC’s Pasadena-based office.
Kristen will focus on outreach to bankers and commercial real estate brokers to increase their awareness of SBA-504 program financing as a tool to help small business expand and create new jobs.
Michael Thames, CBA, has been an analyst at GCF Valuation since 2012 and has contributed to over 250 business appraisals of companies in a wide variety of industries. Prior to his work at GCF Michael spent three years as a business intermediary helping business owners to value, market, and sell their small to mid-sized businesses. Earlier in his career Michael lead the acquisition teams for two mid-sized logistics companies based in the Northeast. Michael is a member of the Institute of Business Appraisers (IBA).
To learn more about GCF Valuation or congratulate Michael, please contact us (firstname.lastname@example.org).
OnDeck Launches OnDeck Term 24, A New Loan Product Offering Amounts Up To $250,000, Longer Terms, Lower APR & Funding In 24 Hours
“Term 24 supports businesses that need larger loans for expansions and upgrades or have bigger working capital needs,” says Noah Breslow, chief executive officer, OnDeck. “This is the first term loan in the industry that allows businesses to receive a loan up to 24 months in length within 24 hours, making it faster than a bank loan and more flexible than a credit card. This type of speed and service is unheard of in the lending industry, and we are looking forward to serving more of Main Street with Term 24.”
Upcoming Small Business Lending Conferences
ICBA 2014 National Convention, Honolulu, March 2-6
NADCO Government Relations Conference 2014, Washington D.C., March 3-5
WPASGL Annual Quality Lender’s Conference, Seven Springs Mountain Resort, March 12
Franchise Times Franchise Finance & Growth Conference, Las Vegas, March 26-27
NADCO 2014 Annual Meeting, Colorado Springs, April 30 – May 3
NAGGL 2014 SBA Lending Technical Conference, Bonita Springs, May 6-8
Great Lakes Lenders Conference, Detroit, July 31 – August 1
Florida Small Business Lenders Conference, Orlando, September 17-19
NAGGL 2014 Annual Meeting, Huntington Beach October 28-30
Coleman’s 7th Annual SBA Secondary Market Forum, Washington D.C. December 2
Coleman’s 15th Annual Rural Lender’s Roundtable, Washington D.C. December 3