USDA Rural Loan Expert North Avenue Capital Enters SBA Market as a Subsidiary of Veritex Community Bank

September 9, 2024

Delaney Sexton
Contributing Editor

USDA Rural Loan Expert North Avenue Capital Enters SBA Market as a Subsidiary of Veritex Community Bank

“Expanding our services to include SBA lending is a natural progression of our overall mission of providing capital to empower American business growth,” says Joseph Rowell, CEO of North Avenue Capital.  “By joining forces with Veritex Community Bank, we are able to support the dreams of entrepreneurs nationwide, regardless of their location, helping them achieve their goals and contribute to their local economies.”

For the past decade, North Avenue Capital has partnered with the USDA to support rural communities with strategic financial support in the form of USDA OneRD loans. After closing nearly $1 billion in small business loans for rural communities, 

Veritex EVP Jonathan Schneider says, “North Avenue Capital’s new SBA 7(a) offering is a natural extension of its adept government-guaranteed lending expertise and a notable advancement toward Veritex’s vision of becoming a nationally recognized government-guaranteed lending leader.” 

Veritex Community Bank
Dallas, Texas
SBA 7(a) Loan Stats