October 1, 2015
By Bob Coleman
Editor, Movers and Shakers
ReadyCap Sells Excess SBLC License to CenterStone SBA Lending, Retains the CIT License
John Moshier, President of ReadyCap Lending writes the Coleman Report, “ReadyCap Lending is pleased to announce the sale of one of its SBLC licenses. ReadyCap purchased the SBLC license formerly held by GE Capital in March 2014 and subsequently purchased an additional license as a part of the CIT acquisition.
“SBA regulations require a holder of two SBLC licenses to dispose of one within twelve months. We accomplished this on September 14, 2015.
“ReadyCap Lending continues to grow its SBA 7(a) origination platform and is operating under the SBLC license it retained in the acquisition of CIT Small Business SBA portfolio, systems and people,” concludes John.
United Community Bank Commits to Growing SBA Manufacturing Lending with Paul Pickhardt
“Paul is the perfect person to expand and grow our lending services within the manufacturing industry,” says Richard Bradshaw, President of Specialized Lending at United Community Bank. “Paul has extensive experience both in manufacturing and with SBA lending. I am excited to have him spearhead the development of this vertical during a time of immense change in the industry.”
Paul joins United Community Bank as part of the merger with The Palmetto Bank, where he served as manager and senior vice president of SBA lending. Previously, Paul was Senior SBA Business Development Officer at TD Bank, where he was the top SBA lender in the state of South Carolina for four years.
NEVADA STATE DEVELOPMENT CORPORATION hires Sandy Gordon, Paola Gonzalez
“Joining Nevada State Development Corporation was a great opportunity to expand my skill set and develop my experience in commercial lending,” says Reno Lending Assistant Sandy Gordon said. “I consider the SBA 504 Loan Program to be an invaluable program for our local business owners.”
“It is a real privilege to join the team at Nevada State Development Corporation,” says Las Vegas BDO Paola Gonzalez said. “I have had an extremely rewarding career in the banking and lending industry, and I look forward to making a positive impact, meeting new challenges, and contributing to the success of NSDC.”
ReadyCap Lending Hires Eva Farag in Atlanta
Eva Farag has over 25 years of comprehensive lending experience, primarily focused in closing SBA 7(a) and 504 loans, as well as in the acquisition, development, financing and sale of commercial properties in the metropolitan Atlanta area. She also has extensive experience in representing small business owners and operators in lending transactions.
Prior to joining ReadyCap Lending, Eva served as Senior Vice President for Bank of Atlanta. Throughout her career, she has been consistently recognized as a top performer in various senior management positions with major financial institutions including: Marine Midland Bank, Bank of America, SunTrust Bank and First Citizens Bank.
Crestmark Named SBA PLP Lender– Promotions and Staff Additions Announced
Says President Mick Goik, “We are excited to announce that the SBA has granted Crestmark ‘Preferred Lender Status.’ This designation will help us get funding to qualified small businesses more efficiently. Earning this status exemplifies the hard work that our SBA Division puts in day in and day out. And to help with the hard work and the expanding division, over the past several months, Crestmark has promoted several members within the Division, and added new staff to ensure excellent service and meet growing demand.”
Staff Promotions and Additions are:
Steven Gross, Senior Vice President, SBA Lending Division President
Christopher R. Soupal, First Vice President, National Sales Director
Chad Kerr, First Vice President, SBA Portfolio Manager
Roger A. Bick, Vice President, SBA Underwriter
Sharron Jekielek-Olko, Vice President, SBA Underwriter
J. Wesley Barrett, Assistant Vice President, Underwriter
Zach McDonald, Officer, SBA Sales Analyst
Sarah Thelen, Officer, SBA Financial Analyst
Check out my ten-minute interview with Lisa McGreevy, President & CEO, Online Lenders