May 5, 2022
Coleman Movers & Shakers – Michael Smith, Binu Tondon, Tom Hurdman, and Linda Anderson
Appalachian Development Corporation hires Michael Smith as Vice President
Appalachian Development Corporation (ADC) welcomes Michael Smith as their new Vice President. He will be working with banks, lenders, credit unions, and small businesses throughout South Carolina providing the SBA 504 Loans Program. He has been in banking in the Charleston area since 2007 and was most recently with First Federal Bank as a SBA Business Development Officer. Michael is originally from Macon, Georgia and graduated from Valdosta State University. He is a Board Member and Membership Director for the Rotary Club of Charleston and is also involved with the Mount Pleasant Sertoma Club, Charleston Chamber of Commerce and Mount Pleasant Chamber of Commerce.
Binu Tondon Joins First Bank of the Lake as VP, SBA Franchise Business Development Officer
Tondon brings over 28 years of SBA lending, developing SBA 7a and 504 loans nationwide. “Binu is a top performer with a proven track-record. She will broaden First Bank of the Lake’s SBA market presence by actively seeking new opportunities and cultivating franchisor relationships. She will use her expertise to assess a client’s cash flow and creditworthiness to provide accurate loan structuring and quicker access to capital for her clients,” states Annemarie Murphy, VP and President of SBA Lending. “We are excited Binu has joined our team.”
“I’m excited about this new opportunity and look forward to being part of a dedicated team committed to serving businesses,” states Tondon. “Being in the industry for so long gives me an edge to understand my client’s needs and expectations. I put my years of experience to work helping entrepreneurs grow their businesses and helping them succeed.”
Stone Bank SBA Division Names Tom Hurdman Senior Business Development Officer
Stone Bank announced that Tom Hurdman has joined the bank’s SBA Division according to Vinny Muratore, president of the division. He will be headquartered in Jacksonville, FL.
Hurdman is a 33-year veteran of the financial services industry and has worked with Wachovia, Wells Fargo, CIT, and most recently with First Internet Bank.
Linda Anderson is Celebrating 30 Years at SEDCO
Linda Anderson has been with SEDCO since before it was “SEDCO”. She started in April of 1992 right after the name change from an SBA 503 to SBA 504 as we know it today. While there were many name changes throughout the 30-year history of our CDC, Linda has remained committed. She started her career doing administrative work, which evolved into holding about every position within the CDC. Her institutional knowledge has been priceless to our CDC and her dedication is unmatched. She takes pride in her work every day and has been vital to the organization’s growth and strategic planning.
Linda has two grown kids and has adopted the entire SEDCO family as her own. When she isn’t working, she spends her days with her grandkids and with her family in Las Vegas!
Congratulations to our gambling-loving, Cubs cheering, Chicago-born Linda Anderson on her 30-year anniversary at SEDCO!