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Coleman Movers & Shakers — Jim Roby, StonehamBank, CDC Small Business Finance Wins SBA Award

April 19, 2018

By Bob Coleman
Editor, Coleman Movers and Shakers

Coleman Movers & Shakers — Jim Roby, StonehamBank, CDC Small Business Finance Wins SBA Award

Jim Roby Appointed Director of SBA Lending at Pacific Mercantile Bank

“We are excited to launch our new SBA lending efforts under Jim Roby’s leadership,” says Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank. “Building an efficient process for offering SBA financing will provide us with the ability to serve a larger universe of small business customers, while also generating a new source of revenue for the Company through gain on sale of SBA loans. Jim has proven expertise in SBA loan production, and we believe he will build our SBA business into a meaningful contributor to our continued growth in the years ahead.”

Jim has more than three decades of experience in SBA lending. Prior to joining Pacific Mercantile, Jim was SVP, National Sales Manager for Spectrum Commercial Lending in Irvine, CA where he managed all business development officers for production, training and evaluation including a program to generate income through the referral of SBA loans to other banks.

Previously, Jim was SVP and Managing Director of SBA at Gilmore Bank in Irvine, CA where he started and managed the bank’s SBA lending department until its sale to Grandpoint Capital. Earlier in his career, Jim spent 27 years at Bank of America where he held a number of senior positions in SBA lending.

Mr. Roby has a Bachelor of Business Administration degree from New York Institute of Technology.

StonehamBank Approved for SBA Lending

“The Massachusetts SBA and its programs continue to play a vital role in helping small businesses in the commonwealth to grow the economy and create jobs,” says Massachusetts SBA District Director Bob Nelson. “We’re helping a record number of small businesses obtain capital through a growing network of lending partners and we’re thrilled to have StonehamBank as our newest 7A loan program participant. We congratulate StonehamBank in reaching this milestone and look forward to working with their lending team to help a diverse pool of small businesses start, grow and expand.”

“In the Bank’s effort to realize its mission, the partnership with the SBA will allow us to fully serve our community,” says Michael Connelly, executive vice president and senior loan officer at StonehamBank.

CDC Small Business Finance Wins SBA’s 2018 Jody C. Raskind Lender Award

This recognition is presented annually by SBA to a mission-focused lender that has distinguished itself in helping small businesses start, grow and expand.

The award will be presented by SBA Administrator Linda McMahon to CDC Small Business Finance President and Chief Executive Officer Kurt Chilcott on April 29, during the inaugural event of National Small Business Week in Washington, D.C.

Under Kurt, CDC Small Business Finance became one of the first Community Advantage lenders certified and has been the number one lender in the nation since.

In FY17 alone, they funded $1.4 million in SBA microloans, more than doubling the capital provided in FY16. Those microloan borrowers received 12 hours of post-funding business advice and created 200 jobs.

The Jody C. Raskind Award was first presented in 2015 to honor mission lenders that demonstrate extraordinary commitment to the creation, growth and expansion of small businesses in underserved markets with a demonstrable impact on the communities it serves.

Raskind led the SBA’s Office of Microlending for many years, and was widely known in the microlending community for her commitment and dedication to small businesses, particularly in underserved areas. She died in 2014.

Upcoming SBA Lending Professional Industry Events

NAGGL SBA Lending Technical Conference, May 1-3, Chicago

NADCO Spring Summit, May 6-9, Arlington

Franchise Times Finance & Growth Conference, May 7-9, Las Vegas

SBA BDO Summit, May 21-23, Napa Valley
Only One Registration Available!

America West, June 20-22, Costa Mesa
Exhibitor booths are sold out – all other sponsor levels are still open.

America East, August 1-3, National Harbor, MD

Great Lakes Lenders Conference, Detroit, August 16-17

FLAGGL Small Business Lenders Conference, August 20-22, Orlando
Early bird ends April 13th

National Alliance of Commercial Loan Brokers, October 16-18, Miami

11th Annual Secondary Market Summit, December 4, Washington D.C.

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