July 31, 2014
Chris Hurn out as Mercantile Capital’s CEO
Says Board Chair Geof Longstaff, “Chris Hurn is no longer the CEO of Mercantile Capital Corporation. As a cofounder and ‘the face’ of Mercantile since the very beginning, this is no small change. We want you to know, first and foremost, that we will continue providing commercial real estate financing for our small business clients in a way that befits our nationwide reputation. Our mission remains unchanged, and that’s to fulfill dreams with smarter financing. We wish Chris well in his entrepreneurial adventures and expect nothing less than very big things from him in the future.”
Bradley Zinn Joins Floridian Community Bank as SVP
Joseph Marzouca, CEO, says, “Bradley brings a lot to the table – both for our team here at the bank and for our customers. He has tremendous experience in SBA and conventional lending, and also has experience in investment banking and the finance industry.”
Bank President, Lee Frankhouser, adds, “Bradley has been working in South Florida and Fort Lauderdale for over twenty years. He has a lot of contacts and is very familiar with banking and lending in this region, which makes him a great addition to the bank.”
“We are fortunate to have someone of Gonzalez’s extensive financial background,” says Cynthia Mazzetta, senior vice president and central regional manager for U.S. Bank’s SBA Division. “Jackie brings a high level of expertise to our organization. As we expand to meet the needs of small businesses in a new market, it is vital to have a person of Jackie’s background to assist in this growth.”
“Jackie will be a great complement to our commercial and business banking teams in Southern Colorado,” says Tom Naughton, region president for U.S. Bank in Southern Colorado. “Having knowledge of the markets she will serve, and established relationships, will benefit expanding U.S. Bank’s SBA lending activities.”
Bridgeview Bank Launches SBA Prequalifying Website
SBALendingHub.com prequalifies entrepreneurs and existing business owners for a small business loan, and then provides the best lender to suit the customer’s business needs.
Bridgeview Bank is formally extending an invitation to other SBA lenders to utilize the product and participate in SBALendinghub. SBALendingHub.com expedites the process that traditionally requires several days/weeks to achieve. SBA Lending Hub saves valuable processing time for those seeking a loan.
Tom Meyer, the owner of SBA Lending Hub, says, “I’ve been in the SBA industry for the last 16 years, and have closed and funded almost 3 billion dollars in SBA loans using a scoring model. I wanted to use that scoring model and turn it into a website to make the SBA lending process for borrowers easy.”
SBALendingHub.com is the first model to offer an online SBA loan system based on four components of an individual’s history–cash flow, collateral, character, and management. SBALendingHub.com is powered by TomScore™, a simple yet powerful scoring model that confidentially prequalifies borrowers for SBA loans. This scoring and prequalification tool has been used to evaluate over $1 billion dollars in SBA loans over the last 16 years–it can be trusted to result in an accurate loan reading.
Upcoming Small Business Lending Conferences
Great Lakes Lenders Conference, Detroit, July 31 – August 1
Florida Small Business Lenders Conference, Orlando, September 17-19
ASBDC Annual Conference, Grapevine, TX September 9-12, 2014
Innovative Finance Delivery for Small Business Las Vegas September 23-24
NAGGL 2014 Annual Meeting, Huntington Beach October 28-30
American Banker/RMA Small Business Banking Conference, Miami November 19-21
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