FERNANDINA BEACH, Fla., September 26, 2017
– CBC National Bank, headquartered in Fernandina Beach and with branches in
Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal,
S.C., today announced that in June its SBA lending division surpassed the $300
million mark in loans to small businesses. As of June 30, it had reached $314
million.
CBC’s SBA lending
division continues to grow and expand its capacity to provide small businesses across
the Southeast the vital lending needed to spur economic growth and development.
In the second quarter of 2017, the division originated $7.7 million in loans,
compared to $5.2 million in the second quarter of 2016.
CBC continues to
be recognized as one of the U.S. Small Business Administration’s highest ranked
community bank lenders in Florida, recently ranking No. 2 in total dollar volume
and number of loans. CBC has also bolstered its government guaranteed lending
group in 2017, with specific focus on United States Department of Agriculture (USDA)
Business and Industry loans.
Through the USDA program,
CBC can offer commercial and small business loans for most types of businesses,
as well as investment properties, multi-use office complexes, etc. If the loan
recipient meets necessary criteria, the loan is guaranteed by the federal
government.
“We continue to
strengthen our SBA lending division in order to serve small businesses across
the Southeast by providing them the capital they need to grow their businesses,”
said Durand Childers, president of CBC’s SBA lending division. “Building our
government guaranteed lending group to now include USDA Business and Industry loans
allows us to offer a more diversified lending product specific to the small
businesses in the communities we serve.”
More Info At: www.cbcsmallbizloans.com
