October 22, 2015
By Bob Coleman
Editor, Movers and Shakers
Coleman’s Movers and Shakers
David Bell Named Senior Vice President of Business Development for American Business Lending
“David’s career history shows he is an accomplished loan originator for SBA 7(a) loans and has extensive experience especially in originating SBA-franchise related loans,” says Texas-based ABL CEO Charlie Bell. “We definitely feel ABL will benefit from his strong ties in the franchise industry and that they will open great new opportunities for the company in that field.”
David has participated nationally in the Small Business Administration’s Preferred Lender Program since the mid-1990s. He also helped to set up two community bank SBA programs before he became a Vice President and Account Executive of CIT Small Business Lending and GE Capital Franchise Finance. As a result, several of those previous companies received SBA awards due to his active leadership with the program. Most recently, he served as Vice President, SBA Loan Officer at Fulton Bank of New Jersey, where the bank earned a place in the state’s 2014 “Top 15 SBA Lenders.”
ReadyCap Lending Receives PLP Status
“Our status as a SBA Preferred Lender makes a big difference for our clients in speed and turnaround time,” says John Moshier, President of ReadyCap Lending. “The loan process will improve, on average, a minimum of four weeks faster, because we are able to credit-approve our loans in-house. This is extremely beneficial to our small-business customers, and it affirms our track record in SBA lending, as well as our ability to go to market faster.”
John also tells the Coleman Report, “Ready Cap Lending currently has 11 BDO’s and we are focused on doubling that that number between now and the end of 2016.”
Sarah Hall Joins Thomas USAF Group as Commercial Loan Officer
“I am ecstatic about the opportunity to begin my professional career with Thomas Financial Group. I look forward to learning and working with this group of experienced lenders dedicated to the SBA program,” says Sarah.
Mike Thomas, President of the Atlanta-based adds, “A star is born. This is the first rookie I have seen bring in $15 Million in loans her first 90 days on the job. Wow!”
Allegiance Bank Announces SBA Lending “Veteran’s Pledge”
“Allegiance Bank is committed to supporting our veteran small business owners and entrepreneurs in the greater Houston area. We are grateful for the military service performed by these brave men and women, and want to show our appreciation for their commitment in serving our country and assist them in their efforts as small business owners,” says Gary Henderson, the manager for Texas-based Allegiance Bank.
“As an additional enhancement to our Veteran’s Pledge program, Allegiance Bank will provide up to $2,000 towards the SBA packaging fee for an SBA 7a loan in excess of $350,000 and up to $1,000 towards the packaging fee for an SBA 7a or Express loan less than $350,000.”
Gary concludes, “In addition to providing funds to pay a substantial portion of the SBA packaging fee, the Allegiance Bank SBA Department will provide funds to either sponsor, promote or subsidize attendee fees for existing veteran financial literacy training events in the Houston area. Financial literacy is an important tool in assisting veterans in becoming financially stable, both personally and as a business owner, and Allegiance Bank supports those efforts”.